With a growing business, pitching has become a common phenomenon. To seek new clients, investors or employees, a company often needs to unveil its details to others. This certainly puts the business ideas at risk and makes the idea theft an alarming concern for the business owners. However, the majority of people are not likely to steal your idea, but the possibility still remains.
The mobile app industry has a lot of potential and there are many businesses that are leveraging its potential. To take businesses a notch higher, companies come up with a unique and innovative application idea that embraces high-end features and functionalities. In fact, for a mobile application entrepreneur, not only it is imperative to think of an excellent app idea, but one also needs to secure the idea from theft.
But, how to protect an app idea from getting stolen?
This is a big question, but fortunately, there are some solutions to prevent theft. Let’s have a look at some of the resourceful tips considering which one can secure his application idea from the prying eyes.
1. Non-disclosure is Advisable
This is one of the most common steps that most of the businesses consider safeguarding their intellectual properties. You can also protect your application idea by creating a Non-disclosure Agreement (NDA) before unleashing the strategy among business associates and employees. It is a good practice to ask your resources to sign an NDA at the time of hiring itself. This will help you ensure that your project information is secured. Moreover, it is also advisable not to compromise on the attorney, get the best one to prepare the requisite NDA.
2. Trademark Your Brand Name
Establishing a trademark will embrace an additional protection, which can help stand for any legal issue or concerns related to your company’s name (in case any issue arises in the future). Often, the brand name is closely associated with its application. You can restrict the usage of your idea, logos, design, or anything related to your application by the virtue of trademarking.
After trademarking, your competitors can’t even use the copies of your product or services with a name or logo that is similar to yours. Moreover, you don’t need to spend a hefty amount to trademark your brand name and application name. It can be done conveniently at an affordable price.
3. Protect With a Provisional Patent
Despite being a tricky choice, companies practice this approach to protect their intellectual property like the app idea or its source code. No doubt, applying for a patent is a time-consuming process. It is also essential to note that everything is not patentable, only the functions that are unique and not so obvious are patentable. You need to spend time with your attorney and file all the crucial info that is directly or indirectly related to your app before unleashing it publicly.
On the contrary, it is also true that everyone can’t apply for a patent; it can burn a hole in your pocket and thus, makes a viable choice for those who have a good budget in their hand. Ideally, the provisional patent is valid only for a year and can be extended if needed. However, there are some patents that are also issued for up to 20 years. You can invest in a suitable patent if your pocket allows you to.
4. Documenting Helps!!
Documenting everything is yet another way to prevent anyone from encroaching upon your application idea. By putting each and every detail related to your application in a written document, you can prove your stance in the case of any legal dispute in the future. It is advisable to document every aspect related to your application, including its code, time for virtual meetings that have been conducted, brainstorming sessions, final drafts, etc. It would be better if you can maintain a log of every discussion related to your app that you have had with anyone through any means (like Skype, email threads, etc.). You never know when these proofs can help you prove your standpoint.
5. Research Beforehand & Follow Your Intuitions
Whether you are seeking investors, resources or dealing with clients, it is always better to research prior to your appointment with them. You can thoroughly check their market reputation and if they have been into disputes in the past. This will help you decide whether you should do business with that person or company, or not.
Moreover, after researching, you can also rely upon your natural intuitions. If you are not getting any positive vibes from someone, maybe due to his attitude, it is advisable to don’t share the critical details with him. Look for the experience and background. If he has a good experience in the field and have worked with reputed brands in the past, there won’t be any reason to steal someone’s application idea. However, if he is a newbie in the field, it is recommended to share as little as possible about your business strategies.
A brilliant mobile application idea is as prestigious as the brand value. The cut-throat competition in the mobile app development industry has made it essential for one to secure his business strategies and app ideas from others. This could be a daunting task, and adhering to the experts’ advise can help you prevent your app idea from getting stolen. I hope the above mentioned tips will allow you to keep your app idea safe and secure.
Victoria Brinsley is an app developer working with Appsted Ltd, the leading Android app development company which delivers most comprehensive mobile application solutions. She loves sharing latest information on mobile technologies like iOS, Android development processes.