Why Should Innovators Hire A Good Lawyer?
A good attorney is an absolute must for businesses and companies, not just to help them with different kinds of legal matters, but also to protect their interests and the company itself. One of the reasons why big companies tend to go in for a lawyer is because of the protection that they need when it comes to their products or services. To safeguard their interests, companies normally employ a lawyer who can then help them stay within the bounds of the law and who can help them safeguard everything that the company offers. Innovators too are one class of professionals who are in dire need of lawyers, especially in the fast-paced technological age that we live in. If you are someone who is on the verge of a big breakthrough, or someone who has an idea that could change the world, getting a good lawyer on your side is an absolute must.
Helping Protect What You Offer
Often, innovators tend to have products that are unique, and which would be in high demand by a number of companies who want to sell these for their profit. Innovators who have unique products should always take steps to ensure that their work is protected through patents and proper contracts. A license is a document that attests the person whose name is on it as the owner of the rights to a certain kind of product, process or service. When an innovator is in possession of a patent, it means that no other individual or company is allowed to make use of or replicate the production of the innovator without their permission, and without signing a fixed contract. Even though the process of getting a patent is routine for a lawyer, it isn’t always easy for those who are not familiar with the different facets within the law, which is why opting to go in for a good lawyer is considered to be beneficial.
The Potential Exploitation
More often than not, companies try to take advantage of innovators who have no legal representation, overpowering them with abundant paperwork and legal obligations that the innovator is then required to fulfill. While doing so, there is always the possibility that the innovator would skip out on certain formalities, especially if they are not able to properly understand the intricacies of the law with regards to this. This often results in innovators losing their rights to the product that they have created, or sometimes, outcomes that are far worse.
Having a lawyer on your side means that you can depend on someone who is familiar with different aspects of the law, and can be assured that they have your best interests in mind. A lawyer can go over all the paperwork that companies offer the people whom they are entering into business with, and can point out any discrepancies or misinformation that may exist in these documents. Overall, a lawyer will always try to ensure that their clients are signing the best possible contract for their product and their future.
JERRY K JOSEPH, PRINCIPAL ATTORNEY
Having a lawyer is often the difference between success and failure. A good intellectual property lawyer is priceless. Without one, you’re basically out in the cold on your own. I have seen so much go wrong for clients’ businesses and even personal finances apart from the company.