Basic Training: Startup Patent Protection

min read
Opinions expressed by Entrepreneur contributors are their own.
patent-idea.jpg

Q:  I am concerned with protecting the intellectual property for a business startup that I'm currently engaged in. It has to do primarily with a certain business process/practice. How can I protect these practices?

A:  You're wise to be concerned with protecting your company's intellectual property, as that can provide a valuable asset for the business over the long haul. Although different courts have been wrangling over this recently, depending on nature of the "business process/practice" you're referring to, it's possible you may be able to get patent protection for your particular business methods.

Also, depending on how these business processes will be used, they may provide the viable foundation for a franchise model. I'd recommend that you consult with a local patent attorney so that you can get feedback on the latest developments concerning business process method patents, or whether there are other ways to protect the intellectual property you are developing. Your business processes may also have aspects that need trademark and copyright protection as well, so an intellectual property specialist will be your first stop. It'll be worth the consultation fee. :-)

More from Entrepreneur

David provides constructive insight to help businesses focus on their company growth, build brand awareness and know when and how to raise money.
Book Your Session

For a limited time only, get this bundle of Entrepreneur PressĀ® titles for less than $30 (60% OFF) on our bookstore when you use "LEAP" at checkout.
Buy Now

Are paying too much for business insurance? Do you have critical gaps in your coverage? Trust Entrepreneur to help you find out.
Get Your Quote Now

Latest on Entrepreneur

My Queue

There are no Videos in your queue.

Click on the Add to next to any video to save to your queue.

There are no Articles in your queue.

Click on the Add to next to any article to save to your queue.

There are no Podcasts in your queue.

Click on the Add to next to any podcast episode to save to your queue.

You're not following any authors.

Click the Follow button on any author page to keep up with the latest content from your favorite authors.