3 common mistakes of tech startupsDecember 4, 2014 5:57 pm Leave your thoughts
If you are thinking about starting your own tech startup — or recently have — you know this area of small business is not an easy one. Not only will you have to manage the product that your business creates, you will have to make sure that you have the right employees for the task and all of the necessary funding as well as legal protections. Regardless of the size of your company, whether you are small, medium or large, you will need to do everything possible to keep your business running as efficiently and effectively as possible.
Here are a few common mistakes that tech startups make you should avoid:
- Infringing on somebody else's trademark: Your business has to be uniquely your own, so you will run into a whole host of issues if the line between what you produce and another company is blurred. Your ideas and intellectual property need to be yours or you could face legal ramifications.
- Not protecting your property: When you come up with a new idea or product, it is essential that you file the legal claim over it before your idea is taken or copied. Not filing for legal rights fast enough can sink your startup fast.
- Spending too much on patent filings: The cost of protecting your intellectual property can get expensive, particularly if you are working on an international stage. To help keep your business profits high, you should determine the patents that absolutely need to be filed and the most effective way to create strong legal claims.
Whether you are a few years into your business or just starting out, you should be sure to enlist the services of a small business attorney that can help protect your legal interests and serve your needs whenever necessary.
Categorised in: Litigation
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