April 2011 WBN Luncheon Follow-up: Intellectual Protection

Luncheon ParticipantsOur April luncheon for the Utah Valley Chamber of Commerce Women’s Business Network (WBN) luncheon was held Thursday, April 14th at  Heritage Schools, Inc.  We were pleased to hear from our 2010 scholarship recipients as they end their school year.  Applications are currently being reviewed to choose the 2011 scholarship recipients.  Your support continues to make these scholarships possible!

Randall B. BatemanRandall Bateman

The luncheon speaker was attorney Randall B. Bateman, who spoke on “The Enormous Power and Importance of Intellectual Protection.”  Intellectual property includes patents, trademarks, trade secrets, copyrights, domain names, and patents.  Bateman pointed out how protecting this property protects your business.

Patents protect your inventions, but may not be worth the cost if you don’t intend to make money with it.  Common patent pitfalls include the lack of documentation and timing problems.  Be aware that if you sell a product before it’s patented, there is only a one year window for getting the patent once you’ve made the item public.  If you wish to get a patent in Europe, you must apply before selling (disclosing).

Trademarks GameThe theft of trade secrets has become serious business and can quickly become a problem if employees take client lists, formulas, training materials, etc. and use them for their own gain or sell them to competitors.  For small businesses, your biggest threat isn’t your competitor – it’s your employees! Take steps to keep trade secrets safe by limiting access and having nondisclosure and/or noncompete agreements.

We got to play a game on recognizing trademarks (pictured).  Adding the ™ symbol indicates a trademark and you can do this without having to file any paperwork.  Even stronger is having the ® symbol that indicates your trademark has been registered with the government. Luncheon participants were given a set of IP Worksheets, A Brief Guide to Patents, Trademarks, Copyrights, and Trade Secrets.  Bateman also provides this information online, free of charge.

Announcements

  • TLuncheon Participantshe North Utah County Women in Business have invited us to attend their conference on May 12th from 9:00 am to 1:00 pm in Lehi.  This event will replace our regular WBN luncheon for May.  For more information or to register, go to the WIB website.
  • Habitat for Humanity of Utah County has designated Thursday, May 5th, as “Women in Business Build Day.” This is a great opportunity to give back to the community while working alongside other businesswomen.  Spaces are filling up, so head over to the Habitat website to sign up soon.
  • Heritage School is hoping to get a good audience for their students’ musical, “The Wiz”,  on May 13, 14, and 16. Group discounts are available.  More information can be found on Heritage’s blog.
  • The Barbara Barrington Jones Foundation has been able to lower the cost to attend their Retreat for Women event in August.  More details and registration info is available on the foundation’s website.

Thanks to Five Star BBQ and Catering Company, Community Action Services and Food Bank, Mountain America Credit Union, and Heritage Schools, Inc. for sponsoring the April luncheon!  Thank you also to the Barbara Barrington Jones Family Foundation, who is our 2011 Angel Sponsor!

       

Would you like some easy recognition for your business?

If you or your organization would like to sponsor future events, contact Alison Dyer at ali@uvmag.com.  Or, you can simply bring a door prize of at least $5 value (in addition to any service discounts, if applicable) to a luncheon and we’ll mention your donation at the giveaway!

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