Patents can offer tech
startups many benefits, assuming you have something patentable. They attract
investors and can deter competitors. A startup with patent protection is more
valuable to companies interested in forming a joint venture or making an
acquisition as well. Further, a startup has the ability to license its patent,
providing a business another way of generating funding while expanding its
market simultaneously. The problem is that you can’t patent an idea; you need
something tangible.
If you prefer to save
some money, confidentiality agreements and trade secret protection may work
just as well as costly patent registration,
especially when combined with exceptional innovation design and speed. All
employees, board members and advisors should be required to sign agreements
obligating them to assign all business-related IP to the startup. You will also
want to extend IP protection through agreements with non-employees, including
vendors, outsourced designers, consultants, engineers, and even customers.
If you're looking for an affordable IP attorneys in Vietnam, check out ANTLawyers.vn. ANTLawyers.vn was established to meet
these needs by providing fast, effective and economical solutions. Hope that
clears things up a bit. Feel free to message me directly to chat further about
any other IP questions that you face.
Source: Quora
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