By Steve Strauss for Inc.com //If you don’t safeguard your ideas, your unique advantage can easily be stolen. Even though I don’t practice law anymore, I am putting on my lawyer hat because I recently had a conversation with an old pal. What I told him can help a lot of entrepreneurs.
My friend called me up with a question that I have heard many times: “How do I keep my big idea from being stolen? Should I have people sign an nondisclosure agreement?” It is a common concern among entrepreneurs, and it’s something I used to worry about myself. But I don’t anymore and neither should you. Here’s why.
No one is sitting around waiting to steal your big idea.
Yes, your idea may be great—maybe even groundbreaking. But it is just that—an idea. It is an untested, unproven one to boot. Turning it into a business would take a lot of time, money, energy, and more. Think about how long it would take to build it, refine it, and launch it. Most people are not lining up to take that kind of risk.
That said, aside from an idea, which is not legally protectable, protecting real intellectual property definitely is an issue many small business people have. Whether it is a catchy brand name, a cool app, a unique product, or even a secret recipe, IP is what sets many businesses apart. As a result, yes, you need to protect it. Here’s how to safeguard your IP.
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Go here to read the 7 ways:
https://www.msn.com/en-us/money/smallbusiness/the-7-best-ways-to-legally-protect-your-intellectual-property/
This post originally appeared at inc.com.
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The Sound of Music Ownership
By Gadget
Today, your contract and not your talent decides if you get paid and how much. Too many creatives learn that too late. Behind every hit song lies a web of rights, contracts, and royalty streams that artists cannot afford to ignore. Whether you are an independent artist, producer, or a label, understanding how sound recordings are owned, licensed, and monetised is essential.
Once a piece of music is composed and fixed in a tangible form, its compositional copyright (also known as ‘the publishing’) is automatically established. The moment the song is recorded, a second copyright comes into existence, namely the sound recording copyright. (also known as ‘the Master). This unlocks a separate set of revenue streams artists, producers, and labels rely on.
When a track is recorded, the copyright in the sound recording usually belongs to the record label that made arrangements for the sound recording, unless the artist releases independently and owns the masters by virtue of having made the arrangements himself. This is a distinct copyright from the composition copyright, even if both were created by the same person.
This triggers a separate set of royalties when the sound recording is streamed, downloaded, broadcast, sold or used commercially. These include:
Artist royalties
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Go here to read more on how to get the “cha-ching” from your songwriting skills:
https://www.msn.com/en-us/music/news/the-sound-of-music-ownership/
The post The sound of music ownership appeared first on Gadget.
https://gadget.co.za/musicownership85t/
The 7 Best Ways to Legally Protect Your Intellectual Property // The Sound of Music Ownership
