Sunday 8 March 2015

Tips to protect your Intellectual Property in Moscow

Conserving intellectual property is a mandatory business need for start ups as well as for well established organisations. Rapid growth in technology and the ease of access to information has caused a steady increase in the need to protect unique product ideas and business strategies.

Here are some tips to help organisations to better safeguard their intellectual property in Moscow.

Keep up the secrecy

IP owners must not leak any information about the idea even during the developmental stages. Your competitors must have no inkling about the work in progress and under no circumstances will you discuss the product or idea in a public platform. A law firm in St.Petersburg states that most ideas die at the nascent stage due to failure of maintaining secrecy.

Record your idea along with relevant evidence

The first step to protect your IP in Moscow would be to legally register it with the help of a Moscow Attorney. Prior to this the owner of the IP must check for any duplication issues and then register it with all details possible. Your idea must be accompanied by relevant and original documents that establish you as the sole creator of the idea.

Draw well-written NDAs

Your ownership of the IP must be exhibited in all documents relating to the idea. Invest your time and thought while drawing non-disclosure agreements with your partners and employees. Documents such as employee agreements, client contracts and partnership agreements must carry the required clauses to protect your IP. Moscow Law firms will be able to best help you with these requirements.

Take professional help

It does not matter if you choose to work with a law firm in St. Petersburg or Moscow, what you need is an attorney who is specialized in dealing with intellectual property in Russia. Research well and finalize on a Moscow attorney or any other part of Russia to assist you smoothly in establishing your patents and trademarks.

Investing in patents and copyrights

While the initial investments for protecting your IP may seem exorbitant, the value of your money will shine through your patents and copyrights in the long term. Of course, business giants like Google and Apple would not invest billions of dollars if they were uncertain about the benefits.

Innovation is an art and so is the technique to monetize your innovation. Take the right steps in finding the right Moscow law firm to protect your IP and reap the financial benefits of your innovative skills.

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