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26 Design Thinking Mistakes that Businesses Must Avoid

The direction with which you approach a work, can make wonders. Total quality manufacturing brought about a fundamental change in manufacturing sectors in the 1980s and then there was the lean methodology that is making waves all over the world. But there is yet another method that can fundamentally speed up how your business approaches any work and also the amount of time that it takes to reach milestones. And, that is the design thinking process. Experts' Advise on How to Avoid Design Thinking Mistakes However, the process is easier said than done. And several businesses often fail when trying to incorporate the process to their operations - which is why, I asked the experts, what are the fundamental mistakes that businesses make when using design thinking in their businesses and how can one steer clear of these issues. And, we got some amazing ideas in the process-

15 Contract Drafting Essentials for Non-Lawyers: Recommended by Experts

If you have a startup, drafting contracts is supposed to be an everyday affair - whether it is a partnership contract with a co-founder, a supplier contract for goods or a terms of service contract with a customer. There are tons of different types of contracts that you may need to make on an everyday affair and for most, you might now get the help of a lawyer - unless, you are willing to shell out a lot of money. Therefore, we asked the experts - what are the essentials that a small business has to know when it's drafting a contract without the help of  a lawyer? Now, before we begin, a word of warning - drafting a contract is pretty difficult and your business will usually run based on the contract for a couple of years. As such, we do provide contract drafting services . But, if you need a free consultation to make your decision, do shoot us an email . #1. Develop a Framework for the Contract According to M. Salman Ravala, Esq , a contracts and business disputes lawyer in New

Patent Application Essentials to Keep in Mind (US Law): Recommended by Experts

Patenting is a prime concern for any inventor or business owner. There is a lot to know and understand when you try to patent any product or article, which is why patenting an invention by yourself is a very difficult task.   On the other hand, hiring an Intellectual Property lawyer in the US is very expensive. Bao Tran , a Patent Attorney and the founder of Tran Associates says –   “ Low cost options such as Legalzoom exist, but when you read the fine print, the cost is not low.  For example, Legalzoom at https://www.legalzoom.com/business/intellectual-property/utility-patent-pricing.html claims they can do a utility after spending $699 and $2500, but the fine line says they do 10 claims and 5 pages of specification.    The problem with doing the minimal is that 2 years from filing when the case is examined, if a prior art reference comes up and the differentiating details are not there due to the 5page limitation, the case is not salvageable.  That is why details are importan

Legalities You Must Know Before Starting a Company in the US

In the US, it is the states which have power to enact corporate laws. Companies incorporated in each state has to follow its own state law relating to its incorporation and operations. However, thankfully the situation is not that chaotic as appears in first glance. The Model Business Corporation Act, 2002 is used and followed by 22 states in the US. This helps promote uniformity and provides business owners and startup enthusiasts, a sense of clarity as to the law that applies to their organisation when their business operates in more than one state. Starting a corporation in the US is a great business legal structure . However, there can be some legal compliances involved. Read on to find out!

All You Need to Know about Registering Patents in India

Article by Charvi Sharma The 1970 Patent Act, which modified the current legislation pertaining to patents in India, came into force in 1972.  In addition, the Patents Act, 1970 was amended in 2005, which extended product patents to all technology fields such as food and medicines, chemical products, and microorganisms.  Related Read : Should You Copyright or Patent Your Software in India? What is a Patent? Patents are legal licenses issued by the government, giving the inventor of an invention, the right over its ownership and the exclusive right to make and sell it. The invention becomes the assets of the inventor that no one can take over or imitate unless assigned to the person or licensed to him by the inventor himself.  But, what is an invention for the purposes of Indian law, in the first place? The invention as described in Sec.2(1)(j) of the Patent Act, 2005 “Invention” means a new product or process involving an inventive step and capable of industrial application.  The ba

Can You Protect Your Software by Patent or Copyright in India? Find Out

Software is a product of human intellect and hard work; it would be appropriate to term it as “intellectual property”. Considering the pivotal role, it plays in world economy and its development, protection of software is crucial and it needs to be dealt with. The problems faced by the said sector mainly deals with unauthorized production or piracy. The protection has become increasingly necessary because every day the economy loses out on staggering amount of money. Piracy is increasingly becoming a global menace. For this reason, some developers go to extreme lengths to keep their software codes secret and impenetrable to reverse-engineering. Software copyright is generally used by developers to curb piracy and the unauthorized copying of their software.[1]  In simple words, a software patent or copyright is a legal way to protect your software source code, idea, or invention. Thus infringement of the said copyright can lead to legal consequences. Countries worldwide are n

Trade Secret Protection in USA

What is a trade secret? Well, in layman's terms, it is pretty much anything, that - is secret, the owner tries to keep it secret, and it provides the owner with economic benefit by reason of it being secret. A basic example is that of an email list. A business spends considerable marketing efforts in order to grow its email list. This is usually confidential information.   Now, if the list is stolen by a competitor, the business can sue the competitor in order to stop it from using the list or disclosing it or if it is already out in the open, then seek damages from the trade secret infringer. Related Reads: How to Grow Your Email List Fast Data Privacy Laws in India that Businesses Must Know of Impact of GDPR on Marketers in the European Union and Outside The trade secret law in USA is guided via two separate statutes – The Uniform Trade Secrets Act, 1979, as amended on 1985 and a federal statute called the Defend Trade Secrets Act, 2016.    Earlier the trade se