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.

Growth Strategies / Intellectual Property

Have a Brilliant Idea? How to Keep it Safe. (Infographic)

Senior Entrepreneurship Writer at CNBC
1 min read
Opinions expressed by Entrepreneur contributors are their own.

The trouble with intellectual property is that it’s tricky to hide. At the same time, the stakes for keeping your ideas secret can be high.

For many entrepreneurs, the life or death of a business can hinge on whether their intellectual property is protected, and how. Intellectual property can mean everything from the engineering behind a machine to a production process to a design, color or particular phrase of words.

Related: Patent Reform and the Future of Innovation

In the U.S., there are four main ways to protect an idea. One option is to file a patent. Depending on the sort of patent an inventor seeks, a patent can legally protect intellectual property for up to 20 years. Last year, more than 600,000 patents were filed in the U.S.

Take a look at this infographic from Mesa, Ariz.-based law firm Cook & Cook, embedded below, to find out how else you can keep your ideas private and what each sort of protection each option affords you.  

Click to Enlarge+
Have a Brilliant Idea? How to Keep it Safe. (Infographic)

 

Related: Why Protecting Intellectual Property Is Crucial to Business Success on 5 Counts

How to Protect Your Intellectual Property