Steve Jobs, co-founder, chairman and CEO of Apple Inc. on an event made a comment:
“And we have always been shameless about stealing great ideas”
There are many conflicting stories like Facebook and Apple. But one cannot deny the fact that there is always a risk attached to well-formed idea that might be stolen by someone. It’s better if you know how to create a shield around your idea and come-up with an early protection strategy before someone drags you to court or files allegations against you.
You cannot apply for a patent unless you have something to show what your product will look like at the end of the day. Just to be on the safe side, make a prototype so that you can apply for patent because an idea itself is nothing and cannot be an issue for patent. There is a possibility that my mind generates precisely the same thing that you have in your mind. You cannot protect it or claim it to be yours.
Form a Business Agreement
If you’re someone who has this great business idea, have even hired some developers to work on it but you still fear that it might go out of the defined-boundary-line, then it’s better to come up with a business agreement or a nondisclosure agreement (NDA). An NDA is an agreement between multiple parties not to tell others outside the agreement what is going on. You can present the agreement along with necessary documents of Business Plan or can make it a part of your Business Plan i.e. after reviewing the details, get it signed by the developers.
“I herewith solemnly swear that any plan I even have and/or any plan detected by my ears shall altogether belong to “Company X” and all derivatives of aforementioned concepts there from.”
This will ensure that they agree to all defined terms and conditions and this will prohibit them to reuse any concept without prior permission. Just in case, if things go wrong, you need something to show to court that it was YOUR idea. This approach is very useful and will save you from trouble in court.
If you already have a patent filed on your invented product but you are still insecure and have a feeling that someone has violated your patent terms, it’s always good to hire a Patent Attorney who will resolve any issues arising with regard to copyright.
With that said, be careful specially when discussing ideas with colleagues or even with friends. If you’re an entrepreneur, hire well. Take time to truly notice somebody that you will trust and has a good repute. Keep this quote in mind:
“Good artists copy; Great artists steal! – Picasso”
Would you like to hire us for any of the following services?
Simply complete the form below and we'll call you for a free evaluation.
At Genetech we pride ourselves with our 'open communication' approach with our clientele. Once you initiate a project with us, be it big or small, our team will provide regular updates, regarding project status. We encourage our clients to interact with us as much as possible; so that we can deliver exactly you're looking for. As a team, we put in a lot of dedication and finesse into everything we create with you, so that you're thoroughly pleased with the outcome. As we begin all our projects from scratch, each plan is molded to most efficiently accomplishing it purpose. Backed up with solid coding and fresh designs, our work aims to impress. Finishing off with a strenuous QA run, all work is built to function smoothly.
Shamim and her team went above and beyond. I am based in the US and have worked with many overseas vendors and this is the first that not only met but exceeded expectations. Genetech built a website for us and not only was the quality of work excellent, but the communication was great and they adhered to timelines. When there was a question around scope of work, they always erred on my side. Can't recommend these people enough!!
Latest posts by Mahrukh Jawed (see all)
- LiFi – For Speedier Data Transmission through Light Bulbs - May 10, 2013
- WARNING *Copyright Material* – Do not STEAL! - April 24, 2013
- Why Content is King? - April 22, 2013