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GUIDE TO PROTECT YOUR BUSINESS IDEAS

From the central idea that is born as a great solution to an important problem to those ideas that will give you the necessary image to convince and those that will drive you through the processes of elaboration and productivity, ideas are ubiquitous in the life of every entrepreneur. Because of this, entrepreneurs will always […]

From the central idea that is born as a great solution to an important problem to those ideas that will give you the necessary image to convince and those that will drive you through the processes of elaboration and productivity, ideas are ubiquitous in the life of every entrepreneur.

Because of this, entrepreneurs will always need to think of ways to keep their capacity for innovation active, to capitalize on their projects and get them going, but they rarely stop to think about a very critical aspect of their entrepreneurship: protecting the ideas through InventHelp that drive it and they make it unique

What types of protection can I give my idea?

InventHelp grants the following types of intellectual rights:

Invention Patent: Given to a new product or process with coverage.

Utility Models: This figure protects innovative instruments, tools or devices.

Industrial Designs: Protects the colors, shapes or lines that are part of an industrial product.

Industrial Models: Its protection is applied to molds or patterns new and involved in the production of a product.

Depending on the stage of development, you can protect your innovation idea in the following ways:

Confidentiality Agreement

As much as you try to avoid talking about your idea, it will be necessary to start with your development, because only with the support of people with experience in the area of ​​action and other entrepreneurs will you give it the value and the push it deserves.

However, to reduce the risk of intellectual theft, we recommend that you take a confidentiality agreement with you, where the signatories agree not to disclose information regarding the idea. This document has legal validity, so we recommend you consult with an attorney to write it.

Make the idea tangible (Copyright)

One point you must understand regarding intellectual law is that ideas, being intangible concepts, cannot be protected before the law. To apply the legal protection mechanisms, you must turn your idea into something tangible through a document where the idea is expressed in detail, proposing it as a new product, process or service. Copyright is included in this legal figure like InventHelp, which only protects the way in which the idea is expressed, but not the idea itself.

Patent

Once you have the document with the detailed explanation of the idea (which can be protected from now on with copyright), the entrepreneur can turn it into an executable idea, that is, a defined process that can be used to produce a tangible result. From the necessary documentation (in which an industrial property specialist can support you) you can register in the form of a patent valid for a certain number of years, during which only the entrepreneur can make commercial use of it.

Commercial brand

Although the first two steps already protect the definition and operational execution of the idea, something more is required to protect the position it may have in the market, which is achieved through a Trademark consisting of a name. or denomination that can be registered nationally or internationally.

Commercial protection (know-how)

Finally, greater protection will be given when looking for alliances and processes to ensure that the idea is profitable, through maximum care when making a business plan and making contracts with investors, suppliers and distributors.

Finally, we recommend you remember that the best protection against a good idea is to begin to carry it out, even if this requires efforts whose results take time to be reflected. The fruit will always be worth it and more if you have a highly competitive idea that can put your SME “to you for you” with large companies.

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