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IP Protection & Avoiding Infringement
You’ve got an intellectual property strategy, and you’ve been following it diligently. Now you have to decide what to protect and how to protect it. Also, avoiding infringing the IP of others is a sound investment for your company. An IP dispute can be time-consuming, expensive, and distracting. It is something you want to avoid.
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Patents
If patents are part of your IP strategy, focus your patent budget on inventions that your development team believes will be technically achievable, that patent counsel tells you appear on preliminary review likely to be patentable, and that you believe will be commercially well received by the marketplace.
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Exiting the Company
Venture capitalists care a lot about the exit because they have investors as well, but they might not always care which way it occurs. Typically, exits can occur in two ways: mergers and acquisitions or IPOs (Initial Public Offerings). As an entrepreneur, make sure you have an idea of how you’d like to see an exit take place.
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