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Intellectual Property Protection
Protecting your intellectual property (IP) is vital for maintaining a competitive edge. IP encompasses patents, trademarks, copyrights, and trade secrets, each serving a unique purpose in safeguarding your innovations. For instance, patents protect inventions, while trademarks secure brand identity. By securing your IP rights, you prevent competitors from exploiting your ideas and ensure that your startup can capitalize on its innovations. According to the U.S. Patent and Trademark Office, filing for a patent can cost anywhere from $5,000 to $15,0001, depending on the complexity of the invention.