Legal Question in Business Law in Colorado

Selling an ''idea'' to a company

What steps do I have to take to do this properly? Will it cost me money to protect my idea?


Asked on 4/02/07, 5:12 pm

1 Answer from Attorneys

Robert Murillo Pivotal Legal Ltd.

Re: Selling an ''idea'' to a company

Afternoon:

Depending on the issue, you can use trade secret, contract and other intellectual property avenues. It really depends on this "idea" and your goals and plans. There is no way to provide a remotely accurate recommendation without much more information.

Now to the specific advice: Talk to an attorney. For a basic confidentiality and nondisclosure agreement our firm charges a few hundred. It may be more or less with other attorneys.

It is money well spent. I don't care if you use our firm or not-- just see a professional. The big money by attorneys is not made in business advisory services (such as your question), it is in litigation or time spent on trying to fix something that could have been eliminated or mitigated if it was done correctly from the start.

Good luck and talk to an attorney with advice on how to proceed with your venture.

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Answered on 4/03/07, 3:20 pm


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