You need to take into account a number of things when building a successful startup, but none as important as intellectual property (IP). While the word is often thrown around and most entrepreneurs know about it by now, it still creates a lot of trouble for startups. While big companies are spending millions to protect their IP, startups can forget to look into the matter altogether or make silly mistakes.
Yet getting it right could be the difference between building a successful business and going bust. The following guide will help you understand the importance of IP and the most common mistakes startups make. More importantly, the guide will show you how to avoid these mistakes and plan your IP to succeed.
In this article, we will explore 1) what IP is and why it matters, 2) common mistakes to avoid with intellectual property, 3) planning tips for startups, and 4) conclusion.
WHAT IS INTELLECTUAL PROPERTY AND WHY DOES IT MATTER?
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