The Importance of Legally Protecting New Ideas - PowerPoint PPT Presentation

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The Importance of Legally Protecting New Ideas

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  1. The Importance of Legally Protecting New Ideas

  2. Why should new ideas be legally protected? • What reasons can you come up with? • What could happen if an idea is not legally protected?

  3. The Facts • If you don’t protect your work, someone else may walk away with the profits you should have had! • Securing and protecting ideas are essential for a company’s success. • There are several different types of legal protection.

  4. How to avoid your ideas being stolen before obtaining intellectual property • If you come up with an idea, make sure you keep it a secret. • Get all people involved to sign a confidentiality agreement before allowing them to gain information about the idea. • Keep all important hard copies of information locked away safely. • Protect all work stored on an IT system from lapses in security and IT system failures.

  5. Sources of information • For a company that is just starting out, getting intellectual property can seem like a complex task; however, advice is available at: • The Trade Association Forum and • The UK Patent Office