Advertising
Advertising

4 Ways To Protect The Intellectual Property Of Your Software

4 Ways To Protect The Intellectual Property Of Your Software

Intellectual property is an asset your company owns that gives it differentiation and a competitive advantage in the marketplace. While some businesses recognize the importance of their intellectual property, many businesses neglect both protecting and improving their intellectual property. After all, intellectual property is an intangible asset, therefore, it is hard to place an actual value on its worth. So, you may be careless in providing it with adequate protection to keep it safe.

When it comes to your intellectual property you want to ensure that it is protected so that no one can steal what you have spent years to develop. Without the proper protection in place you could find yourself looking at someone else profiting off of your creative idea for your software. To avoid this from happening you need to take the proper measures to keep your intellectual property from falling into the wrong hands.

To keep the intellectual property of your software protected, use the four following tactics:

Advertising

1. File a Copyright

A copyright is the protection of an idea or other information that has been developed by the copyright holder. Copyright laws protect the authorship of music, novels, movies, songs, architecture, and software. Although copyright protection is granted when your work is first created and given a tangible form, you still will need to give it the proper protection and register it—registered copyright. Registering your intellectual information with the U.S. Copyright Office provides it with the proper protection that gets recognized in court.

When you register your copyright it is noted for public record which gives notice that you have claimed legal copyright protection for your intellectual information.

Another benefit of a copyright is that it provides you with the ability to sue anyone who infringes upon your copyright. Therefore, a copyright is needed if you want to pursue legal action against those who use your intellectual information for their own gain without your permission.

Advertising

2. File for a Patent

A patent grants property rights to the inventor of a new invention. If your software has a distinct feature that separates it from your competition, you will need a patent to protect your competitive advantage.

The benefits of a patent for your software include:

  • Right Exclusivity – The exclusive rights of a patent grant only you complete ownership and use of your software for twenty years from the date of the filed patent application.
  • Establishing market positioning – Since your competitors cannot use your patented software, you reduce the threat of competition, providing you with an advantage in the marketplace
  • Increased returns on investments – Having exclusive rights allows you the possibility to generate higher revenue since your competition cannot provide the same value only you have the ability to produce.
  • Opportunity to license or sell the invention – You don’t have to do the hard work of marketing and selling your software if you sell it or license it to another company that will do all the work for you (provided you share some of the generated revenue).

3. Think Hard About Source Code Licenses

If you use a source code license, you are giving a licensee a non-exclusive and non-transferable license to your software; permission to use and modify your licensed software. This is a risky move to take because you are possibly allowing your source code outside of your organization. This arguably weakens your company’s trade secrets as the source code is no longer being kept completely secret.

Advertising

To eliminate these issues use a source code escrow to ensure the rights of your software are protected. A source code escrow protects all parties of a software license by having a 3rd party escrow agent hold the software’s essential information. This helps keep the source code safe while still providing the protection a licensee needs.

4. Have Developers Sign an IP Assignment Agreement

The developers who are developing your intellectual property need to sign an IP assignment agreement stating that all work developed within the company belongs to the company.

This helps to dissuade an individual from selling your intellectual information to a competitor or using it to profit from their own use. If one of your developers does take either course of action you can use this document to take swift, legal action.

Advertising

Your intellectual property as a valuable asset needs to be well protected. These four tips can help provide you with protection and a competitive advantage.

If your goal is to create valuable software that generates large sums of money you will want to definitely invest in these protective measures.

More by this author

Zak Mustapha

Blogger & Marketer

4 Ways To Protect The Intellectual Property Of Your Software 4 Simple Hacks for Web Design Beginners 5 Effective Ways to Communicate with Millennials 5 Disastrous Problems Android Spying You Can Solve The Top 4 Programming Languages for Beginners

Trending in App

1 Introducing 13 Useful Free Apps For you To Install Today 2 7 Essential Tools Every Serious Startup Needs 3 Four Things to do with Google that most People Don’t Know 4 13 Secret Google Functions That Can Instantly Make Your Life Happier And Easier 5 Appraisal of the iPhone Family Tracker app

Read Next

Advertising
Advertising
Advertising

Last Updated on May 14, 2019

8 Replacements for Google Notebook

8 Replacements for Google Notebook

Exploring alternatives to Google Notebook? There are more than a few ‘notebooks’ available online these days, although choosing the right one will likely depend on just what you use Google Notebook for.

  1. Zoho Notebook
    If you want to stick with something as close to Google Notebook as possible, Zoho Notebook may just be your best bet. The user interface has some significant changes, but in general, Zoho Notebook has pretty similar features. There is even a Firefox plugin that allows you to highlight content and drop it into your Notebook. You can go a bit further, though, dropping in any spreadsheets or documents you have in Zoho, as well as some applications and all websites — to the point that you can control a desktop remotely if you pare it with something like Zoho Meeting.
  2. Evernote
    The features that Evernote brings to the table are pretty great. In addition to allowing you to capture parts of a website, Evernote has a desktop search tool mobil versions (iPhone and Windows Mobile). It even has an API, if you’ve got any features in mind not currently available. Evernote offers 40 MB for free accounts — if you’ll need more, the premium version is priced at $5 per month or $45 per year. Encryption, size and whether you’ll see ads seem to be the main differences between the free and premium versions.
  3. Net Notes
    If the major allure for Google Notebooks lays in the Firefox extension, Net Notes might be a good alternative. It’s a Firefox extension that allows you to save notes on websites in your bookmarks. You can toggle the Net Notes sidebar and access your notes as you browse. You can also tag websites. Net Notes works with Mozilla Weave if you need to access your notes from multiple computers.
  4. i-Lighter
    You can highlight and save information from any website while you’re browsing with i-Lighter. You can also add notes to your i-Lighted information, as well as email it or send the information to be posted to your blog or Twitter account. Your notes are saved in a notebook on your computer — but they’re also synchronized to the iLighter website. You can log in to the site from any computer.
  5. Clipmarks
    For those browsers interested in sharing what they find with others, Clipmarks provides a tool to select clips of text, images and video and share them with friends. You can easily syndicate your finds to a whole list of sites such as Facebook, Twitter and Digg. You can also easily review your past clips and use them as references through Clipmarks’ website.
  6. UberNote
    If you can think of a way to send notes to UberNote, it can handle it. You can clip material while browsing, email, IM, text message or even visit the UberNote sites to add notes to the information you have saved. You can organize your notes, tag them and even add checkboxes if you want to turn a note into some sort of task list. You can drag and drop information between notes in order to manage them.
  7. iLeonardo
    iLeonardo treats research as a social concern. You can create a notebook on iLeonardo on a particular topic, collecting information online. You can also access other people’s notebooks. It may not necessarily take the place of Google Notebook — I’m pretty sure my notes on some subjects are cryptic — but it’s a pretty cool tool. You can keep notebooks private if you like the interface but don’t want to share a particular project. iLeonardo does allow you to follow fellow notetakers and receive the information they find on a particular topic.
  8. Zotero
    Another Firefox extension, Zotero started life as a citation management tool targeted towards academic researchers. However, it offers notetaking tools, as well as a way to save files to your notebook. If you do a lot of writing in Microsoft Word or Open Office, Zotero might be the tool for you — it’s integrated with both word processing software to allow you to easily move your notes over, as well as several blogging options. Zotero’s interface is also available in more than 30 languages.

I’ve been relying on Google Notebook as a catch-all for blog post ideas — being able to just highlight information and save it is a great tool for a blogger.

Advertising

In replacing it, though, I’m starting to lean towards Evernote. I’ve found it handles pretty much everything I want, especially with the voice recording feature. I’m planning to keep trying things out for a while yet — I’m sticking with Google Notebook until the Firefox extension quits working — and if you have any recommendations that I missed when I put together this list, I’d love to hear them — just leave a comment!

Advertising

Advertising

Read Next