Protecting Your Intellectual Property

Intellectual property

Intellectual property

As a product entrepreneur you’ve spent a lot of time and money developing new products, whether physical or digital. Then one day you Google your product keywords, and up pops a page with your exact product on a Chinese website, or any website for that matter, with a different name. Someone is profiting off of your hard work!

I know how this feels. As an inventor with a patent and trade dress on a product I was shocked to see my own picture of me wearing my product on a Chinese website. As I looked further I saw even more of them. Some used my pictures and some even used the trademarked name.

I had noticed that business had slowed down quite a bit, but couldn’t figure out why. Now I knew. I spent the next few months contacting infringers to ask them to remove the product. Some didn’t know they were infringing and took it down. Some ended up becoming my customers and bought from me. But I had to fight the ones that were left. And even now I spend up to an hour every day knocking counterfeiters off the Internet.

So, how do you protect what you create from infringers? I posed that question to several product entrepreneurs who each had their own way of dealing with infringement.

Sandy Stein – Finders Key Purse (r)

I invented Finders Key Purse(r) in 2004 while I was a flight attendant. I used my flight attendant friends to help me sell in to the retail gift industry, and in 2005 we sold 1 million units. Since this was done with my friends, we were sort of underground, but after those million units were sold, the copies came up instantly.

Luckily for me I had started the patent process when I first invented it in April 2004, so we had that to protect us but soon realized that it wasn’t much in the way of protection as the small companies would give up with a lawyer letter, but the bigger ones decided to keep going. We finally got our patent a few years later, and had to spend $1 million in legal fees to get one of the biggest infringers out of the market. Since Finders Key Purse(r) is our flagship item, I had to pursue this infringer at all costs, or he would have taken over the market with a similar product with a lesser cost. OUCH! We won-the infringer is no longer selling, but he went BK to get out of paying us.

Lesson learned. If you want to get a patent, that is not too expensive. If you want to protect and defend your patent, that is extremely expensive, and you need to decide the value of the protection. Had we not had a patent, I am sure we would be out of business today with that infringer and several others who said that they didn’t want to battle me since my patent was so good and I was so litigious.

Sandy Stein
President
www.FindersKeyPurse.com

 

Stephen Lesavich, PhD, JD. – Founder & CEO of Coconut Avenue, Book Publishers, Intellectual property attorney, and technology expert

Here is what we do to protect our books.

A U.S. federal copyright application is filed for the content of all our
books and the book cover as well.

Information on copyrights can be found at www.loc.gov/copyright

This allows an infringer to be sued in federal court if the book contents or
cover is copied.

If there is a tag line or branding associated with the book, a U.S.
trademark application is filed.

This allows an infringer of a tag line to be sued in federal court if a tag
line is copied.

Information on trademarks can be found at www.uspto.gov 
<http://www.uspto.gov/>

Please note book titles cannot be trademarked.

Our books are also protected by U.S. Custom and Border Patrol Protection
(CBP) once we have a U.S. registered copyright and trademark.

Such protection requires the U.S. copyrights and trademarks actually be
formally registered.

Owners of registered trademarks and copyrights can record their
registrations with the CBP to thwart importation of infringing foreign goods
into the U.S. The recorded information is entered into an electronic
database accessible at all 329 U.S. ports of entry. The CBP actively
monitors shipments to prevent the importation and exportation of infringing
goods.

Information on this service can be found at: https://iprr.cbp.gov/

I just stopped an infringer from Canada from importing infringing e-books
using this CBP service.

For our e-books, we include digital rights management (DRM) with our book
distributors so our e-books cannot be copied or wholly printed.

E-books in digital files can be copied indefinitely.

Our current DRM practices allow only 10 pages of the e-book to be printed
each 30 days. Our DRM does not allow our e-book files to be copied or
altered.

Our DRM practices also require our e-books be registered in an e-book reader
(e.g., Nook, Kindle, iPad, Adobe Reader, etc.) to also prevent copying.

Click here to review the DRM information for one of our e-books from a book
seller of one of our e-books.

http://www.lybrary.com/the-plastic-effect-how-urban-legends-influence-the-us
e-and-misuse-of-credit-cards-p-247514.html?osCsid=53814b61666a7d9800558c4ec6
df54b9

Digital Water Marks can also be used as another DRM feature on digital
products. We also digital water mark our book covers to prevent copying
from the Internet.

www.lhtlg.net

www.coconutavenue.com

Pam McMurty – Author and artist

I am not an expert, but I am an artist who has experienced design theft. A wedding reception schema I designed was borrowed and used for almost ten years before I discovered it inadvertently. I wasn’t savvy enough to pursue it at the time,but would not let it slide again.

Another artist told me he hides his initials in drawings, kind of a secret monogram. He was able to successfully recover compensation in a court case when someone used his art in an advertisement without his permission. It is really hard in art because so much borrowing (stealing) of ideas goes on.
I do use digital watermarks by Digimark in my published work.

www.pammcmurtry.com

5 Reasons Entrepreneurs Should Hire Young Talent

 

entrepreneur

entrepreneur

Whether you are just starting out as an entrepreneur, creating your first business or are a seasoned professional, there seems to be one thing people tend to overlook when seeking out talent. There is an ever growing untapped resource you can use as leverage to help make major moves and grow your business. It flies under the radar at times and can be considered a secret: hire young professionals!

 

Below we are going to outline why you should start looking to hire younger workers, as they can really help you grow, save money and push your business to new heights.

 

1. Economical There is no way around it, if every entrepreneur had their wish, it would be top talent across the board. However, when seeking out individuals with years of experience under their belt, you better be prepared to pay a lot of money for them. Yet when you begin to widen your search, in the hopes of saving your profit and losses (P&L) table, you will notice that hiring a young professional, or someone just entering the field, can save your business a lot of money and still push you forward. Sometimes, you can even hire two people for the same amount it would have taken you to secure one seasoned person. A bigger reason for doing this is covered next. [Read more...]

Where are the Entrepreneurs?

I wrote a post several months ago called “Is the Entrepreneurial Spirit Dead?” Well, according to new research at the Brookings Institute, it appears it very well may be. Their data shows that new business creation has been on the decline for the past several decades and for the first time in many years the failure of businesses is outpacing the creation of businesses. It seems that entrepreneurs across the country are getting discouraged.

entrepreneurs

entrepreneurs

This is a scary thought. According to the Small Business Administration roughly 64% of all net new jobs that were created between 1993 and 2011 were created by small business owners. If we aren’t cranking out any new entrepreneurs, we aren’t creating enough new jobs.

Before the economic collapse I had 3 great employees. As much as I tried to hold on to them, eventually I couldn’t keep them. Payroll is one of the biggest expenses a small business has. If there isn’t enough business coming in to justify having them, you have to let them go. And believe me, no one wants to lose a great employee. [Read more...]

How the On Demand Economy Will Create More Entrepreneurs

on demand economy

on demand economy

With more people working more hours, consumers are becoming more demanding. I don’t mean that in a bad way, but we’re just too busy to be tied down to a time frame. If you don’t believe me, when was the last time your entire family sat down to a scheduled dinnertime? Instead we’ve become an on demand society and an on demand economy.

So, what does that mean for the entrepreneur of the future? More money, more markets, more customers, more products and more services. But they have to be delivered on demand. [Read more...]