Brand names, logos, new ideas/designs and other identifiers are the most valuable assets that a company holds. All these help customers and clients to identify your products and services and use it them easily without any problem.
When you start a business, you definitely have your own logo, ideas, business objectives, themes, slogans. When you introduce your products and services to the targeted customers, it is possible that you may get notices from your rival companies accusing you making different types of intellectual property infringement, such as Patent infringement, Copyright infringement, License disputes, Technology contract disputes, Computer software disputes, System Integration disputes, Domain name disputes, Misappropriation or theft of trade secrets, Trademark infringement, unfair competition, E-commerce disputes, etc. It may hamper the overall progress of your company/business if you don't tackle such notices through legal means and get them nullified by the law. Here are some steps you can take to ward IP litigation off-
1. Business Incorporation
There are many business owners who leap into the world of business without getting it registered from the relevant agencies or the government. If they get a legal notice of intellectual property infringement, they face a lot of problems to prove their business idea, logo, designs, etc, as their own and suffer a great loss. Generally, courts don't entertain the claim of unregistered companies and impose penalties against them for “being involved in unlawful financial activities”
Therefore, when you start a new business, go through the process of business incorporation. Actually, it's a process after which your company is recognized as per the law. Once completed, it helps you in many ways, such as Protection of personal assets, Transferable ownership, payment of fewer taxes, Increased durability, Separate credit rating, etc.
If your company is registered, it is very difficult for the rival parties to serve baseless legal notices to you in the context of intellectual property infringement. Such notices, if not attached to evidence, are rejected by the courts. Thus, your business remains safe.
2. Get Your Stuff Protect By Copyright And Patent Laws
Due to the increasing competition in the business world, disputes between different companies are quite common. To avoid needless disputes, you should get the business logo, trademarks, themes, etc protected by the patent and copyright laws. If it happens, no one can dare to make false claims of Intellectual property infringement against you. It also helps you to get recognized by your potential customers/clients.
3. Perform Your Professional Liabilities Carefully
If you fail to perform your professional liabilities properly, you may be accused of infringement allegations. For example- if you are in a web-based business and using the image, content, design, videos, etc, of other websites for your professional activities without seeking their prior consent, then it is a case of IP infringement. Just stop all theses unlawful activities and be creative. Don't plagiarize materials in any way. If you use the materials on other websites, seek their permission in advance or give them a byline as applicable.
4. Hire A Team Of Intellectual Property Lawyers
Intellectual property litigation are very complex and require the services of experienced Intellectual Property Lawyers. If you have been accused of IP misappropriation, you should get in touch with them. They can help you to avoid future lawsuits, disputes, and infringement issues easily and quickly.
5. Multi-Peril IP Insurance
Multi-peril IP insurance is a type of insurance which provides comprehensive protection against a wide range of issues. The main motive of this insurance is to protect your business from different types of litigation which damage your finances and brand's reputation in the market. For this, you need to hire good lawyers in India to strike a favorable insurance deal.
Final Words:
IP litigation can damage the prospect of your business up to a great extent. These are some tips using which you can protect your business from unwanted litigation and spread it in all directions.
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