The one IP contract you must have drafted and ready to deploy…

22070908_272862929890446_2229396976506503168_n

 

What is this contract I hear you ask?

A confidentiality or non-disclosure agreement #NDA of course!

Given that the UK system of #intellectualpropertyprotection is based on the principle of first to file and not first to invent; it makes sense therefore to ensure any public disclosures of lets say your #product#prototype are done under the shelter of an NDA.

Why is this?

Well, an NDA will give you a right of action (breach of #contract ) and a remedy ( #damages ) if a third party signs your NDA but then chooses to ignore it and copy your prototype. In addition, an inventor’s disclosures under an NDA do not prevent a #patent being applied for!

This is why an NDA, in my view is one of the most important IP centric contracts you must have ready to use when you embark upon your #startup journey!

#entrepreneur #entrepreneurship #startups#businessowner #smallbiz #entrepreneurlife#youngentrepreneur #entrepreneurfirst #techcity#shoreditch #angelinvestor #mytelegraph#intellectualproperty #studentstartup#venturecapital #entreprenurialspark

No Comments

Leave a Comment