April 2, 2023

What’s So Important About Intellectual Property?

Intellectual Property (IP) is a crucial aspect of any business. It safeguards ideas, inventions, and creative works that give a company its competitive edge. This article explores patents, trademarks, copyrights, licensing, and strategies for protecting and maximizing the value of your IP assets. With the help of a specialized firm such as Feeney Law, your IP is secure and aligned with your goals.


The Importance of Patenting.

Patents are legal protections granted to inventors for their unique inventions. They prevent others from making, using, or selling the patented invention for a specified period. This will assist the inventor in commercializing the technology and potentially making a profit from their innovation.

Patent Application Process

Obtaining a patent involves a rigorous application process, including a thorough examination of the invention by the patent office. An experienced IP law firm can help guide you through the process, ensuring that your application meets all necessary requirements.

“I could not be more pleased with Feeney Law Group. StormTreehas been working with Feeney Law Group since 2014.   Feeney Law Group works in a client’s best interest legally and professionally.  They go above and beyond working with their clients regarding business strategy and risk assessment providing an objective view to various business circumstances.   Feeney Law Group is readily accessible by phone, email or text–day, evenings and weekends making it convenient to the small business entrepreneur.  I highly recommend Feeney Law Group.”

~ Sandra Tremblay, CEO, StormTree™


Developing an IP Strategy

An effective IP strategy should identify and manage your intellectual property assets in a way that aligns with your goals. Conducting IP audits, evaluating the competitive landscape, and determining the best course of action will secure and leverage your IP.

Aligning IP Strategy with Business Goals

To ensure you align with your business objectives, consider working with a specialized IP law firm like Feeney Law Group. They can help you implement a comprehensive IP strategy that maximizes value of your assets and drives business growth.


  1. What is the difference between patents, trademarks, and copyrights?
    Patents protect inventions, trademarks protect brand identities, and copyrights protect creative works.
  2. Do I need a lawyer to file for a patent, trademark, or copyright?
    While not legally required, working with an experienced IP lawyer can help ensure your application is accurate, comprehensive, and complies with all relevant regulations.
  3. How long does it take to obtain a patent, trademark, or copyright registration?
    The time it takes to obtain a patent, trademark, or copyright registration varies depending on the specific circumstances and the backlog of the relevant government agency.
  4. What are the benefits of licensing my intellectual property?
    Licensing your IP can generate revenue, expand your market reach, and foster innovation.
  5. Why should I work with Feeney Law Group for my IP needs?
    Feeney Law Group offers a unique entrepreneurial approach, personalized services, and comprehensive IP expertise, making them an ideal partner for businesses seeking to protect and maximize the value of their intellectual property assets.

Helpful Links

  1. World Intellectual Property Organization (WIPO): This link provides access to the World Intellectual Property Organization’s official website, which offers valuable resources on IP laws, treaties, and best practices for businesses and individuals worldwide.
  2. United States Patent and Trademark Office (USPTO): This link directs to the United States Patent and Trademark Office’s website, which is a valuable source of information on U.S. patents, trademarks, and IP policies. The site also provides resources and tools for filing applications and conducting IP research.