Maximizing the Value of Your Intellectual Property

You have a great idea or a great new application, but now what do you do? You need to know how to make the most of your intellectual property while you protect your idea.

Non-disclosure agreements

Before telling everyone about your idea and losing it forever you need to have an implementation plan. This should include a non-disclosure agreement so that you can discuss your idea with others with some assurance that it will be kept a secret.

License agreements

If you want to license your intellectual property to others, you need to negotiate a binding licensing agreement that protects your intellectual property while maximizing your financial gain. You need someone who knows what should be in software license agreements, joint venture agreements, and other types of license agreements for your intellectual property.

Covenants not to compete

As an owner of intellectual property rights, you will want your employees not to take your intellectual property rights and compete against you. You may want to have your employees sign a covenant not to compete. But you also need to know how to make such an agreement enforceable. And you need to know whether your new employees have signed covenants not to compete with former employers that you might be violating when you hire them.