- Ideas are money, and are stolen just as frequently
- But you can start protecting yours from day one, before receiving a patent or registration
- Make sure your business conversations don't make you vulnerable
- How to ensure you can trust your partners
From William Shakespeare to Facebook, no idea is too great to be appropriated by light-fingered opportunists. To make sure your next million dollar idea isn't stolen or copied, we enlisted the help of specialists in "idea security" to find out how you can avoid becoming a hard luck story.
Protection begins from day one
Protect yourself in advance of receiving a patent for your intellectual property, and one effective solution can be a provisional patent application (PPA). "A strong PPA will include potential workaround variations of the idea, manufacturing techniques that will be used to produce the idea, technical drawings, and a description of how the idea will be used," says Stephen Key, a specialist in licensing and entrepreneurship. "Filing multiple PPAs helps establish perceived ownership."
Make your ownership public immediately