Asked in Banking and Intellectual Property

Q: Can an idea be protected by virtue of intellectual property protection laws?

My idea is relevant to Banks and credit card companies.

2 Lawyer Answers
Bruce Alexander Minnick
Bruce Alexander Minnick
Answered
  • Business Law Lawyer
  • Tallahassee, FL

A: Yes, new ideas are the reason for having federal laws to protect "intellectual property."

Advice: If you want to protect your idea you will need a lawyer having experience in Intellectual Property law.

Caveat: This area of federal law is very difficult ro deal with, hence the reason why experienced IP lawyers charge so much.

1 user found this answer helpful

Allison Higgins
Allison Higgins
Answered
  • Business Law Lawyer
  • Helotes, TX

A: Yes. Depending on your idea, you may need multiple intellectual property protections. The 4 main types of intellectual property are trademarks, copyrights, patents, and trade secrets. Some businesses only need trademark protection, while others need all four. You may need more than one attorney to handle these issues as some only practice in one area. Some of these protections can be filed before you begin your business, so you want to start as soon as possible.

I would suggest calling around to multiple intellectual property attorneys to discuss your idea and select the right attorney for you. Most IP attorneys can practice nationwide so you can look for attorneys in other states. Many of us offer free consultations. Best of luck on your venture!

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