How to Protect Intellectual Property Rights
Steps 1. Know about IP laws and rights. which include patents, trademarks, confidentiality, trade secrets and copyrights and even the web URLs. All these play a very important role if you aim to monetize your creation. Understanding IP rights is important as different IP rights in different countries differ in the protection they provide. In most cases, one types of IP right is necessary if you wish to protect your innovation.
2. Patent your IP. through a patent attorney or an intellectual property lawyer. See if they can handle your current industry or model. Communicate your ideas and describe your product appropriately and make them understand what distinguishes your product from the others.
3. Protect your Idea and the Ownership. Plan out a protection strategy and to take appropriate actions so that your idea remains a secret. Since your idea is highly valuable, protect it before you make it public. Demonstrate your ownership of the idea and make it exclusively yours.
4. Get the Right IP Pro. Once you have a clear strategy and definite goals, you should hire a right IP support professional who can manage your intellectual assets. The right IP pro will
listen to you and ask you all the necessary questions with appropriate suggestions.
5. Understand the Best IP Practices for Your Industry. When you are underpinning the strategies for safeguarding your innovative ideas, it’s is essential to understand how your industry handles intellectual property. Also, see if your product can benefit from the use of IP rights.
6. Before discussing your idea with your employees or colleagues, make sure you get a non-disclosure agreement or confidentiality agreement signed by them so that your idea is not out in public even before you planned to.
7. Conduct an Audit. Getting a patent isn’t the only thing that matters; conduct an audit to find out if there are products similar to yours and check for infringements of your registered copyrights if any. Source: http://www.wikihow.com/Protect-Intellectual-Property-Rights Images: http://www.axislegal.com.au/expertise/intellectual-property-australiaand-international/