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Business Law Quotes

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Business Law Quotes

“IP is not just an idea; it’s an intangible asset that does a specific job for you. Each one is different—patents, trademarks, copyrights. The specific way you get that job done is what you’re protecting, and the way you do it affects the asset value.”

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Book:The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business
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“IP filing is a race. The first person to file and get accepted wins and can shut you down, even if the idea was yours in the first place. Waiting too long means you don’t get a patent. Too many companies do just that.”

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Book:The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business
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“In a small company, the CTO, R&D, the COO, and even the CEO or cofounders or owners can be responsible for reviewing documentation. Don’t rely on your memory; write it down. Ideas become reality when we speak them and write them. So document them in an idea journal (digital or traditional) without judgment at the time. Inventors (and especially software developers) tend to edit or judge ideas and conclude they are not patentable because they were simple—even though they solve important problems and do not exist elsewhere.”

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Book:The IP Miracle: How to Transform Ideas into Assets that Multiply Your Business
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