Intellectual Property Matters

Although the sphere of intellectual property (IP) – which includes trade secrets, patents, copyrights and trademarks – is increasingly complex in today’s globalized and digitally-connected marketplace, it can still be approached with cost-consciousness in mind. Of note, while entrepreneurs are willing to assume risks and often able to use their ingenuity to overcome an array of obstacles inherent with business ownership, this same “DNA” of theirs, when combined with frugality and/or limited funds, can sometimes lead them to shun legal counsel because they may believe that it is always expensive. In fact, preventive legal counsel is often a small cost that can save thousands (or millions) of dollars in the future. As Benjamin Franklin said, “An ounce of prevention is worth a pound of cure.”