Note: Running most Fridays in FromGregsHead.com, is a continuing series of tips brought to you by Greg Price. These run Saturday mornings during the BusinessMaker’s Radio Show on Supertalk 97.5. Audio files can be found on the Entrepreneur’s Playbook page of the PKF Texas website.
One of the most important steps any entrepreneur should take is to protect the intellectual property of your company.
Securing an intellectual property attorney is the first step. The attorney will be able to provide the advice and the resources needed to file a trademark application with the U.S. Patent and Trademark office.
Trademarks protect words, names, symbols, sounds or colors that distinguish your goods or services from those manufactured or sold by others.
Some of the benefits of registering and protecting your intellectual property include:
- Notice to the public of ownership of the trademark;
- The exclusive use of the trademark; and
- The ability to pursue legal action concerning the trademark in the court system.
Taking the time to protect your intellectual property will safe guard you in the future from other companies trying to infringe on your rights as an entrepreneur. For more information about obtaining patents or trademarks, visit www.uspto.gov.