Protect Your Trademarks, Copyrights...
While you can’t touch, see or smell them, our intellectual properties (IPs) may be your most valuable business assets. Unfortunately, piracy, counterfeiting and theft of intellectual property are, according to estimates from the U.S. Patent and Trademark Office (USPTO), robbing U.S. businesses of $250 billion per year. Small businesses often lack the resources and familiarity with the protection process to adequately safeguard this very valuable property. But there are things you can do to guard against unlawful use of your IP.Start out on the right foot
Make planning for your intellectual property a priority in your business. The failure to gain adequate protection can, in some cases, be devastating to a small business. Incorporate your IP protection planning into your business plan.
Educate yourself
Understand the scope of government-granted monopolies affecting your IP. Assuming you follow proper application steps to secure protection, here’s how long that protection, which grants you the exclusive right to exclude others from using your property or license its use to others, lasts:
Trade secret – state law protection (there is no federal right of protection or registration).
Take advantage of free seminars by the USPTO that may be offered in your area (seminars were held in Austin, TX and Miami, FL in September).
Apply for domestic protection
Where appropriate, make sure to secure protection for your IP. You can do some or all of the registration process yourself, but the USPTO suggests that innovators work with an attorney who specializes in your area of IP protection (e.g., a patent attorney) to ensure compliance with all legal requirements.
File electronically using the Trademark Electronic Application System (TEAS) to save on government charges for registration.
Overseas protection
Many small businesses do not confine their activities to the U.S. and actively sell overseas. International sales have been facilitated by online marketplaces, such as eBay and Yahoo! Make sure you understand the scope of IP protection outside the U.S.
The USPTO conducted a study in the spring of 2005 that showed only 15% of small businesses selling overseas understood that U.S. protections have no effect outside this country. If you want to secure protection overseas you must do so on a country-by-country basis. If you fail to register your rights overseas, the U.S. government is unable to provide any assistance in helping you enforce your rights. For example, one small business that manufactured glue registered its trademark in China. When a Chinese company violated the U.S. business’s registration, a U.S. trade representative worked to stop the violation. For foreign protection:
For more information about worldwide protection, see the World Intellectual Property Organization (WIPO) at www.wipo.int.
Enforce your rights
Obtaining protection is only half the battle. To win the war you must be vigilant to protect your rights, making sure that someone does not steal them out from under you. Here are some steps to follow:
have an IP attorney draft a form letter for you that you can then send to violators. The initial cost of the attorney’s work in this matter is well worth it.
To learn more about what you can do to obtain and maintain IP protection, go to www.stopfakes.gov/smallbusiness. Or call 866-999-HALT to speak with an IP attorney who can answer questions and, where appropriate, direct you to other government resources, such as the Department of Justice or Homeland Security.
Copyright © 2005 by BWideas.com, Inc.