Intellectual Property Protection
Beware of copy cats.
They say imitation is the best form of flattery, but would you say that if it was your idea being copied and exploited? Businesses who underestimate the need for Intellectual Property (IP) protection may see their market position eroded quickly as ‘Me Too’ products and services hit the market.
It is important that you do not tell anyone about your invention before you apply for a patent, because this may make your patent invalid. However, you can tell qualified (registered) lawyers, solicitors and patent agents because anything you say to or show them is legally privileged. If you need to discuss your invention with someone before you apply for a patent, a confidentiality disclosure agreement (CDA) or non-disclosure agreements (NDA) can help.