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A Small-Business Guide to Intellectual Property

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http://www.nytimes.com/2009/08/06/business/smallbusiness/06guide.html?em

A Small-Business Guide to Intellectual Property
By Darren Dahl
05 August 2009
The New York Times
 

The two most precious resources for any small-business owner are time and money. That’s why when the subject of intellectual property comes up, many owners run in the other direction. They see images of expensive lawyers and use that as an excuse to ignore the topic, reasoning that it is a problem for big companies to worry about.

The trouble is, with the rise of competition through the Internet and on the global market, understanding intellectual property is more critical than ever for small-business owners. Let’s explore some of the common fallacies:
 
1. For small-business owners, it’s not worth the time or effort to secure intellectual property rights.
2. Once I get a trademark, my brand is safe.
3. Having a patent gives me the right to produce something.
4. If I have a patent or trademark in the United States, I don’t need to worry about the rest of the world.
5. People who collect patents but don’t actually make anything are “patent trolls,” parasites who can make money only by filing lawsuits against real businesses.
 

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A Small-Business Guide to Intellectual Property

Relevant Subject and Topic
Importance of Entrepreneurship, Policy Building, Hard Knocks, Permits and Licenses, Legal Structures, Inventing, Brand Management, Business Practices, Manufacturing and R&D, Common Legal Issues, View more...

Types
Article
Tip or Suggestion

Features
Informative, Educational, Competitive, Text

Format
Document, Blog, Webpage

Copyright Owner
Darren Dahl
The New York Times

Most Suitable For Use By
Instructors, Facilitators, Learners, Entrepreneurs

Age Appropriateness
Adult(19+)

Grade Appropriateness
High School, Postsecondary, Graduate, Adult General, Professional

Geographic Suitability
All or Non-Specific

Language
English

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