New business? Here is your IP checklist

IP Checklist for new businesses

  • Get All Owners / Founders to Assign Intellectual Property to Company
  • Ensure employment, freelance and consultancy contracts clearly state your ownership of all intellectual property developed for you
  • Use patent searches early in the development of new products and processes to check whether they are already protected by someone else. Pick the Right Intellectual Property for Your Company
  • Budget and Prioritise for IP Protection
  • Consider filing an initial patent application to give you the time to develop or sell the idea. Contact a patent agent for advice
  • Register your trade mark
  • Slogging Through the Patent Application Process (aka “Patent Prosecution”)
  • International Patent Protection
  • Keep a log of evidence recording the development of intellectual property: for example, dated and signed copies of drawings and drafts
  • Consider alternatives: for example, rapidly capturing a market niche to discourage competitors
  • Keep new inventions secret until you have decided whether their commercial viability justifies the cost of patent protection
  • Consider whether new designs for the appearance of part or all of a product are worth protecting with stronger design registration
  • Enforce your rights by identifying breaches and pursuing offenders, but think carefully before initiating uncertain and expensive legal action
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