This ad will close in
Question added to topic Legal Basics For StartupsAugust 23, 2010

Should I invest money to try to protect my invention idea?

Or should I just rush and make sure I'm the first to monetize it?
Being first to market does not always guarantee that you'll have the leverage you're seeking. Especially if you spend all of your money on getting to market and have none left over to fend off interlopers or to make changes once you get customer feedback.

A good place to start is by having a consultation (at least) with an intellectual property attorney to see what you have that can be protected. It's also important to estimate the costs and time frames for protection.

If your invention doesn't squarely fall within the normal IP protection parameters, than at least you'll know how and where to place your emphasis (and your money).

Nina L. Kaufman, Esq. is an award-winning New York City attorney, edutainer and author. Under her Ask The Business Lawyer brand, she reaches thousands of entrepreneurs and small business owners with her legal services, professional speaking, information products, and LexAppeal weekly ezine. She also writes the Making It Legal blog.

0 Comments. Post Yours.

About ASK ENTREPRENEUR

Ask Entrepreneur is a question-and-answer forum for and by the Entrepreneur.com community. Send in your burning business question, or comment on someone else's now. Have a Question? Ask Now

Topics (over 1000+ answers)

Don’t see a topic? Suggest One

Ask Entrepreneur Q&A Hangouts

Google + Hangout With Shark Tank
Google + Hangout With Jason Falls
Google + Hangout With Angela Jia Kim
Google + Hangout With Grant Cardone