Many Texas business owners understand and value their intellectual property and take steps to protect it. This may include trademarks, patents and more. At present, a trademark registration or application may not be as protected as one of those business owners hopes due to a scam discovered recently.
New legislation has been introduced in Congress seeking to reform intellectual property rights. The Restoring American Leadership in Innovation Act of 2018 seeks to restore protections to patent holders by curbing abusive practices used by tech giants and large research and development firms.
Some small business owners might think that trademarks are only an important issue for large companies. However, it can be critical for business owners, whatever the size of their company, to give careful thought and consideration to the issue of trademarks. This is because effective use of trademarks could help with a variety of key business goals for companies big and small.
In small and mid-market companies, employees are the greatest source for theft of the confidential information and trade secrets of the company and its vendors. Surprisingly, there are three free or low- cost cyber theft reduction and tracking tools every company should incorporate into its IT infrastructure.