What Steps Should Researchers and Companies Take to Protect Their IP?
To protect their IP effectively, researchers and companies should:
1. Conduct Thorough Research: Before filing for a patent, conduct a detailed search to ensure the invention is novel and non-obvious. 2. File Patents Promptly: File patent applications as soon as possible to secure rights and take advantage of priority dates. 3. Maintain Confidentiality: Use non-disclosure agreements (NDAs) when discussing innovations with potential partners or investors. 4. Monitor and Enforce Rights: Actively monitor the market for potential infringements and be prepared to enforce IP rights through litigation if necessary.
