You Just Had a Brand New Product Idea — Now What?

person with new product idea

A new product idea will continuously run through your mind – it’s like a sudden natural event — a volcanic explosion. But when rewarded with an unprecedented idea, most people pull out their smartphones and call or text to share it with someone they know and trust. Sadly, our passion for notifying and enlightening our trustees overwhelms the fact that our world is ruled by the internet of things (IoT) – it’s like an open book. Great work and ideas can be easily stolen unless you protect them. You just had a brand new product idea – what are some ways you can protect it?

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How to Protect Business Ideas?

In the age of instant communication, it’s not easy to protect business ideas. Depending on what kind of information is accessible to others, there are several options available to protect business ideas from being stolen or copied by third parties. If you want to ensure that your business partners or employees do not misappropriate or share important business ideas or information with others, your best bet may be to create an employment agreement/independent contractor agreement and/or a non-disclosure or non-compete agreement that includes certain confidentiality obligations and restrictive covenants in them.

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What is International IP & Why Do You Need It?

The United States has certain registration requirements for copyrights, patents, and trademarks. These requirements make protecting your Intellectual Property (IP) straightforward with good legal representation. However, when you want to operate in a global market, you need to understand international IP protection and registration requirements, which will vary based on the type of IP involved.

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