In business, competitors are always keen to see what others in their sector are developing and changing. They will have their own idea for their business but will always want to find out about the innovations of others are early as possible.
Witness how, in the motor industry during the last few years, someone had the bright idea of putting indicator repeaters on the end of car wing mirrors. Apart from the styling innovation, there are potential safety benefits, and the light can be incorporated in the mirror assembly, rather than punched through the metal of the car’s wing. In this time most manufacturers have adhered to this inclination, even those who make cheaper vehicles.
So having your bright idea protected is well worthwhile, and to do this proficiently it is sensible to employ the services of an intellectual property solicitor. Intellectual property law (IP law) is very complex and the know how on what can or cannot be patented, trademarked or copyrighted changes frequently. One hundred years ago, innovation was all about physical products or industrial processes, whereas today many of the developments in business are to do with more nebulous concepts and intangibles such as software. Ideas are commonly the most valuable assets of a company, finding a way to protect these usually needs specialised help.
Only by having your concepts carefully and fully described, and by having the appropriate documents lodged in the correct places, will you be sure that specialist IP lawyers can defend you against rivals who may, in the future, wish to copy your technology and take advantage of it to build their own businesses. If your competitors want to cheat by copying your innovative designs, which have cost you a lot of money to develop, why should you not be able to claim damages from them? A strong legal defence of your IP will need a paper trail, which will show how your ideas were developed and how the competitor has damaged the value of that idea by copying it.
Sorting out an IP dispute does not need to cost a lot of money, nor does it need to take up a lot of time, however if the elementary work is done before this need arises then the disruption to your business will be minimal.
If your intellectual property is unprotected, you should get some advice from an experienced solicitor on how to sort this out – it is likely that this will save you expense and time in the future.
About the Author:
If you want specialist IP lawyers then contact Bonallack & Bishop Solicitors today. They are a firm with experienced intellectual property solicitors. Tim Bishop is senior partner at the firm, responsible for all major strategic decisions. He has grown the firm by 1000% in 13 years and sees himself as a businessman who owns a law firm.
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