Planning to launch a new product? Be it a new invention, a new style of product or software, ensure that you consult an intellectual property solicitor. It is essential that your design and trademarks are protected from would-be-thieves. The following relates to English law.
An intellectual property law firm will advise and guide you on copyright, trade marks, patents, licensing, design rights, and confidentiality agreements.
For new inventions and concepts, you may register a patent. For an existing product with a new design you may register design rights. It is important that comprehensive searches are done first of all. Many people will attempt to do this work themselves using the government website.
A registered trademark gives the owner the rights to use that word, in whichever countries registered in. This is vital. Pinterest, one of the largest social networks behind Facebook and Twitter has lost its trade mark battle against Premium Interest, a London based social news start-up. They overlooked the importance of registering Pinterest as a trademark.
When it comes to selling, all companies need to have terms and conditions. The best way to go about creating them it to find a template, then try and understand each of the points which ought to be included. Write these to reflect what your own company terms will be. Then ask a solicitor to use them to create a set of terms and conditions of sale. This is also known as terms and conditions of purchase. Occasionally you will be given terms and conditions from perhaps a larger company, and that company want you to sign up to their conditions. Whilst this is commonplace, and acceptable, especially if you really want the business, make sure that you make them agree to any important parts of your own terms and conditions of sale; for instance product returns and warranty and any caveat about installation of your product which they are buying. This is also acceptable, by companies of all sizes, and displays professionalism.
Whilst this can be costly it is worthwhile. It is easy for someone to come along and steal you idea without protection. Virtuoso Legal are award-winning intellectual property law firm specialising in all the intellectual property areas mentioned above.