Optima Law Group Blog

​Protecting Your Intellectual Property – One of Your Most Valuable Assets

What is Intellectual Property, or “IP?” In simple terms, Intellectual Property is an intangible asset, including patents, copyrights, trademarks, secrets, etc. Your company’s intellectual property may be some of your largest and most valuable assets, especially during a sale. According to the U.S. Chamber of Commerce, America’s IP is worth $5.8 trillion, more than the nominal GDP of any other country in the world.

Since these precious assets give your company a unique competitive advantage, you must take all necessary steps to protect them. How should you protect these assets? With the help of an experienced and knowledgeable IP Attorney, you can create legal barriers to prevent your competition from stealing your company’s valuable knowledge, ideas, formulas, and everything else that your company has worked so hard to create.

It is critical that you hire the right IP Attorney to handle your Intellectual Property. Here are a few of the questions that you must ask a potential IP Attorney:

1. Does the IP attorney have experience in all IP legal practice areas: patents, trademarks, copyrights and trade secrets? 
2. Does the attorney have experience in both IP protection and enforcement? 
3. Does the attorney have the experience in freedom to operate analyses and IP legal opinions? 
4. Does the attorney have detailed experience in IP portfolio management?