June 20, 2017
Every lawyer will tell you, it’s cheaper to hire them on the front end when you launch and get your business affairs in order than when stuff goes wrong or you’re playing catch up to protect your entity. For founders, taking a proactive approach to the legal side of the business, whether it be intellectual property, partnership agreements or initial investments, will be beneficial and certainly cheaper in the long run.
In these interviews by Maine Startup & Create Week (MSCW), a week-long (June 19-23) celebration of the entrepreneurial spirit and highlighting local companies and startups in Portland, Jon Gelchinsky, Matt Stein, and Andrea Suter of Pierce Atwood talk about the critical nature of protecting your intellectual property and assets while building a business.
The Importance of Trademark Paperwork
In this video, Gelchinsky and Stein discuss the importance of having trademark paperwork in order because undoing the damage of not doing so can be an extraordinary and costly headache. In Gelchinsky’s words, “They would have saved a lot of money.”
The Importance of IP Agreements
In this video, Suter and Stein, share a story about challenges companies have faced due to unclear IP agreements. Specifically, companies who were acquired had to settle for less money in acquisition when these agreements weren’t clear or explicit. They emphasize the importance of establishing IP ownership early on so founders don’t suffer similar fates.
Learn more about the Maine startup ecosystem on Tech.Co
This video series brought to you in partnership with Maine Startup and Create Week (MSCW) and was produced by The Knack Factory with footage courtesy of Maine Coast Fishermen’s Association. MSCW is a week long conference in Portland, Maine celebrating innovators, entrepreneurs & startups across Maine & the USA. This year MSCW is taking place June 19th-23rd 2017. Learn more at .
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