The Business Benefits of Intellectual Property
Protecting your intellectual property is a crucial foundation for the success of any business. At the most basic level, protecting your intellectual property improves your competitive position. For example, if your product or idea is useful, new and nonobvious, patent protection may provide important barriers to competition. Patents are government-granted rights to exclude others from practicing your invention that may be used to prevent or deter other from competing with you with your own technology. Trademarks, trade secrets, and copyrights provide similar competitive benefits. In short, protecting your intellectual property is smart business.
At D. Tiller Law PLLC, we provide a wide range of intellectual-property law advice that can help your business launch and flourish. A former research scientist and engineering project manager, attorney Don Tiller has the scientific background to understand modern-day technological breakthroughs. His work as a lawyer has been just as innovative — he adds a strong focus on the business side of a project. A business focus is necessary to monetize an idea.
The Business of Intellectual Property Protection
Whether it is through patent, trademark trade secrets, or copyright, we help individuals and businesses best position themselves to benefit from their work. The business advantages that intellectual property law provides include:
- Securing product-differentiation advantages: Competitors in the U.S. may want to appropriate that which makes your product better. But they cannot simply incorporate your properly protected idea into their products.
- Securing branding advantages: Competitors in the U.S. may want to appropriate your positive image by associating with your brand. But they cannot simply use your properly protected trademarks.
- Securing technological advantages: Competitors in the U.S. may want to appropriate your product or operational advantages by using your technology. But they cannot simply use your properly protected technology.
- Securing business advantages: Competitors in the U.S. may want to appropriate your marketing or operational advantages by using your business knowledge. But they cannot simply take your properly protected information.
Where to Start
It all starts with a review of your idea and your business goals. Based on this review, we identify the potential value added by securing your intellectual property rights. This may involve, for example, properly structuring development and procurement contracts, seeking patent protection before the U.S. Patent and Trademark Office, selecting brands and seeking trademark protection before the U.S. Patent and Trademark Office, and developing best practices for handling proprietary information. From there, we will review your business plan and provide legal counsel to help you grow your business.
No matter the business, D. Tiller Law PLLC works toward increasing the likelihood of your continued success. We believe that protecting intellectual-property adds value to the business by increasing this likelihood.
Call 817-953-6235 to schedule a free initial appointment with attorney Don Tiller. You can also reach us via this website. We are based in Fort Worth, Texas, but serve clients across the United States and abroad on select matters.