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How to Protect Your Intellectual Property

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This document provides an overview of intellectual property protection for startups. It discusses why startups should develop an IP portfolio despite limited funds. It then outlines the different types of IP protection available, including copyrights, trademarks, trade secrets, and patents. For patents, it describes provisional, non-provisional, and design patents and their associated costs. The document advises starting to consider IP protection as early as possible and provides estimated costs for patent filing and prosecution. It also covers important considerations like ownership, strategy, reviewing other companies' IP, and common mistakes.

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HOW TO PROTECT YOUR INTELLECTUAL PROPERTY IDEATO IPO Steven Colby, JD, Ph.D. Patent Attorney – Rimon Law, PC steven.colby@rimonlaw.com © Steven Colby 2021-2022 November 14, 2022
WHY WOULD YOU DO THIS? WHY WOULD A CASH LIMITED STARTUP PUT THOUSANDS OF DOLLARS INTOTHE DEVELOPMENT OF AN IP PORTFOLIO?
WHAT CAN I GET? • Copyright • Trademark • Trade Secrets • Patents
COMMON TYPES OF PATENTS PROVISIONAL • Placeholder • Quick & Easy • Inexpensive • ONEYear NON-PROVISIONAL • Ornamental • 14 years • Moderate Cost DESIGN • Enforceable Rights • 20 years • High Cost
WILL I RULE THE WORLD WITH MY PATENTS?
WHEN DO I NEEDTO START THINKING ABOUT IP? • Yesterday….
WHAT DOES THIS ALL COST? 2500 18000 30000 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 Provisional Non-Provisional filing Patent Issue Patent Costs (US) First Application Family Members
OWNERSHIP • Ownership initially vests in the INVENTORS • Applications must be assigned to the company • Assign Clauses • Employer IP • Open source trap • Assignment process
STRATEGY • Patent for the Marketing Person, Not the Engineer • Product Driven • Focus onValuation • Make IP more than just a Checkbox
OTHER PEOPLE’S IP • The start-up viewpoint • Read the literature • Keep records
MISTAKES 1) Ownership 2) Ownership 3) Waiting 4) No Strategy 5) Understanding the Patent 1) Specification 2) Claims
How to Protect Your Intellectual Property

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How to Protect Your Intellectual Property

  • 1. HOW TO PROTECT YOUR INTELLECTUAL PROPERTY IDEATO IPO Steven Colby, JD, Ph.D. Patent Attorney – Rimon Law, PC steven.colby@rimonlaw.com © Steven Colby 2021-2022 November 14, 2022
  • 2. WHY WOULD YOU DO THIS? WHY WOULD A CASH LIMITED STARTUP PUT THOUSANDS OF DOLLARS INTOTHE DEVELOPMENT OF AN IP PORTFOLIO?
  • 3. WHAT CAN I GET? • Copyright • Trademark • Trade Secrets • Patents
  • 4. COMMON TYPES OF PATENTS PROVISIONAL • Placeholder • Quick & Easy • Inexpensive • ONEYear NON-PROVISIONAL • Ornamental • 14 years • Moderate Cost DESIGN • Enforceable Rights • 20 years • High Cost
  • 5. WILL I RULE THE WORLD WITH MY PATENTS?
  • 6. WHEN DO I NEEDTO START THINKING ABOUT IP? • Yesterday….
  • 7. WHAT DOES THIS ALL COST? 2500 18000 30000 $0 $5,000 $10,000 $15,000 $20,000 $25,000 $30,000 $35,000 Provisional Non-Provisional filing Patent Issue Patent Costs (US) First Application Family Members
  • 8. OWNERSHIP • Ownership initially vests in the INVENTORS • Applications must be assigned to the company • Assign Clauses • Employer IP • Open source trap • Assignment process
  • 9. STRATEGY • Patent for the Marketing Person, Not the Engineer • Product Driven • Focus onValuation • Make IP more than just a Checkbox
  • 10. OTHER PEOPLE’S IP • The start-up viewpoint • Read the literature • Keep records
  • 11. MISTAKES 1) Ownership 2) Ownership 3) Waiting 4) No Strategy 5) Understanding the Patent 1) Specification 2) Claims