How Important Is Intellectual Property Protection?
Intellectual property (IP) is often a key asset for startups and growing businesses. Protecting IP is crucial to maintaining a competitive edge. Entrepreneurs can safeguard their IP by:
Filing for patents, trademarks, and copyrights where applicable. Using non-disclosure agreements (NDAs) when sharing sensitive information. Regularly monitoring the market for potential IP infringements. Engaging legal counsel to address any IP disputes or infringements.