What does IP gives me in terms of power?

Say I hold the intellectual property to a software. The software itself doesn't exist yet, so I find a company to have it developed. This software company does it for a cheaper price, so in return I grant them the right to make a profit whenever the software is sold in the future. I also give them a right to sell the software on their own terms, under their own name. But I hold IP rights.

How does having the intellectual property to the software benefit me now? What can or couldn't I do in this setup? What powers would I have over the software, what powers would the dev-company have?

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Best Answer

It sounds like you're trying to figure out how to make money from just the idea for some software. In my experience, that's not how this works, but if you do get it to work for you please let me know!

Other points

Intellectual property is a lot more complicated than ideas. In rare cases, there may be something to protect, but in unless there’s something glaringly patentable, you’ll lose.

If you’re not technical enough to build something, it would be very hard to argue you understand what the property is.

Intellectual property is a lot more complicated than ideas. In rare cases, there may be something to protect, but in unless there’s something glaringly patentable, you’ll lose.

If you’re not technical enough to build something, it would be very hard to argue you understand what the property is.

Question asked by

u/mrbusinessnoob

Date

July 9, 2020, 11:37:39 PM

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