Why You Need a Business IP Attorney
Businesses fail every day for a variety of reasons. For some, the collapse can be attributed to inaptly protected intellectual property (IP). While many entrepreneurs recognize the importance of safeguarding their company’s IP, too many of them try to tackle this crucial task themselves. That’s risky business. The saying “you don’t know what you don’t know” certainly applies to this situation. Perhaps you’re aware you need to trademark your logo, but do you have other intangible assets you need to shield from misuse? How might a non-disclosure agreement (NDA) protect confidential information from being stolen? What terms should the NDA contain? These are the types of questions our Intellectual Property Team can answer.
While the increasing availability of legal services on the Internet makes it easier to access basic legal information, these services are no substitute for the expert advice of a licensed, local attorney. Unlike many online services, a local attorney can provide you market-specific, regional insight and the personalized guidance needed to resolve a particular legal issue.
The only person who should profit from your IP is you. When you put a protection plan in place early on, you reduce your chances of losing money through misappropriation and litigation. Our intellectual property attorneys will work with you to devise a strategic plan that will preserve your business’ future.
- A 2013 Wall Street Journal study found that federal trademark applications filed by trademark attorneys are 50 percent more likely to be approved than those filed by applicants on their own.
- The Commission of the Theft of American Intellectual Property estimates that IP theft costs the U.S. economy between $225 and $600 billion a year.
- In general, an intellectual property infringement case takes anywhere from one to three years to go to trial.