Legal Question in Technology Law in New Jersey

Generally speaking, one of the best protections for an idea is to patent it. A good supplementary protection is to enter into a non-disclosure agreement and a non-compete agreement with anyone you disclose the idea to.

It is not clear what you mean by "writing to the current product", but if you mean disclosing the idea to potential competitors then it's not wise to do so without legal protections in place. It is also important to understand that someone else could have already thought about such an idea and could have patented it. So equally as important is to protect yourself by conducting due diligence.

Conducting due diligence is a good first step. And then consider building an MVP (minimal viable product) to demonstrate the concept to investors. If you intend to hire a software developer to create an MVP be mindful that you should have proper legal agreements in place to protect your idea and the product that is built for you.

Important to note that some of the strategies I suggested are generally not expensive and can provide good protection. My practice focuses on startups so if you require assistance contact me directly.

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Roman R. Fichman, Esq.

www.TheLegalists.com │ @TheLegalist

email: Info (@) TheLegalists (dot) com

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