One episode of Shark Tank shows a person who has this great and totally unique idea. The investors are on board and things seem to be moving in the right direction. Then, one of them (usually Mr. Wonderful) will ask if it has a patent. That’s when Mr. Wonderful will ask, “So what stops me from turning you down right now and making this myself?”
It takes the tone from this:
Snarky, but true.
If you have an idea that is truly unlike anything else on the market, then you should protect it from people moving in on it. This is imperative not just for your sake, but for the sake of your investors as well. Make sure to cover all the bases to avoid losing money.
If you need some help understanding if you need a patent or how to complete the process, get in touch with us at LawTrades. We can connect you with a patent lawyer that is accessible and affordable. Check out our website to learn more and to set up a consultation.