Patent and design numbers can be added later, but always keep on top of renewals, advises Bloom. “To ensure the continued protection of designs, trademarks and patents, don’t forget to pay renewal fees. Registered rights will expire if continue businesses fail to pay on time,” he said. Follow up every conversation you have about your idea over email Stephen Key, specialist licensing and entrepreneurship Document everything There can be uncertain moments when introducing your idea to a potential partner or buyer. If you give too much away, the new party could make a mint and shut you out of the process, so it’s important to be able to prove what happened when. “Follow up every conversation you have about your idea over email,” says Key.
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