5 common IP traps startups should avoid


Kirk Sigmon

5 common IP traps startups should avoid

erhui1979 / iStockphoto.com

Startups can avoid or mitigate IP problems if they are wary of five common mistakes, says Kirk Sigmon of Banner & Witcoff.

Many startups are far too busy juggling business and technical concerns to even consider IP. This can be a mistake: it can cost you financing, empower your competition, and even get you sued. To stop that from happening to you, here are five common traps to avoid.

1. Not acquiring proper software licences

Starting a company is expensive, and sometimes corners have to be cut. Just don’t cut one that’ll easily get you sued: software licences.

Banner & Witcoff, startups, mistakes, software licences, patent, inventions, contractors, IP infringement, copyright, photographs, brand name, Kirk Sigmon