Ā š»Ā The Frightening Truth About IP Ownership: Donāt Let It Haunt Your Startup!
- Morvareed Salehpour
- Oct 31, 2024
- 1 min read
Happy Halloween! I want to share a common legal horror story in the startup worldāone that has haunted many founders and their businesses - intellectual property ownership!
You might think that if you paid for someone to create your software, product, or brand assets, you automatically own them. Unfortunately, this can turn into a nightmare if IP ownership isnāt properly addressed from the start.
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Once common IP horror scenario I see is the freelancer/vendor trap. You hire a freelancer or vendor to create some core technology, product elements, or branding elements. Later, you find out that without a proper written agreement addressing intellectual property, you donāt actually own those assets! It so important for businesses to address intellectual property ownership and assignment issues upfront.
These IP ghosts will come back to haunt your startup once you are looking to scale, get investment, or get acquired. Ā Make sure every contributorās work is covered by an appropriate agreement to keep your business safe from surprises.
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Wishing you all a Halloween without any IP frightsāand remember, Iām here to help keep your business secure from these legal monsters!
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Videos and content are for educational purposes only, not to provide specific legal advice. Ā
Contact: msalehpour@salehpourlaw.com
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