Patent Business Lawyer in Asia

Patent Attorney practicing Patents, Corporate Law, Mergers and Acquisitions, Venture Financing, Startup Technology Law

ChatBots by Facebook

Recently, Facebook introduced chat bots and it received extensive coverage. In simple terms, chatbots are automated services powered by Artificial Intelligence and Machine Learning provided over chat interface to the users. In use, Big Data is employed for Machine Learning and Deep Learning to provide messaging services as Artificial Intelligence to the users.

Originally published here.

software mobile app machine learning patent attorney
Artificial Intelligence & Machine Learning

At recently concluded F8’s 2016 edition, Facebook showcased ChatBots over Messenger platform that are fuelled by Artificial Intelligence. Facebook claims that there exist endless possibilities with chatbots for providing AI services using Machine Learning and Big Data, whereby deep learning can be employed to learn more about users and provide them with automated services.

Messaging Platforms > Social Networks

Although, its presently more of a concept but reviewers are claiming that Facebook Chatbots may be the next big thing in tech as messaging platforms have surpassed Social Networks. In operation, Chatbots function based on rules, Artificial Intelligence and Machine Learning while using insights provided by Big Data embodied in technology.

Patents by Google

Historically, Google has already filed patents for Artificial Intelligence and Neural Networks. For example, one of the Google’s patent titled “Artificial intelligence system” that has been granted as US 8126832 relates to an artificial intelligence system and method for interpreting input from a user and generating a response to the user, wherein the input is converted into an array of concepts which are compared to a database of interrelated concepts and a response is generated based on the concepts in the database and their relationship to the concepts in the input array. The system and method as claimed therein may be implemented in a number of electronic or computer devices to interact with humans or computer systems.

Patents by IBM

In essence, patents in field of Artificial Intelligence can boost innovation by improving productivity using Big Data. Similarly, IBM owns approx. 500 patents related to Artificial Intelligence. One of the examples is super-computer Watson. Google also owns patent on mobile machine learning and artificial intelligence that can challenge Facebook’s Chatbots.

AI & Machine Learning Books

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Rahul Dev, Partner at the law firm of Tech Corp Legal LLP, is a patent attorney and international technology business lawyer. Dev’s corporate law practice is aimed at integrating patents, technology laws, intellectual property rights, regulatory and security laws to provide services to Tech companies.

Patent Drafting Resources

  1. Patent Drafting and Writing Strong Patent Applications for Creating & Protecting Inventions

  2. Patent Application Writing Guide | Ultimate Cheat Sheet for Drafting Software Patents and Mobile App Patents

  3. Patents in MedTech – Online Healthcare & Medical Practice Management

  4. Patent Research & Analytics | Where Patent Analytics Are Headed – Harnessing Power of Patent Analytics for Patent Strategy

  5. Frequently asked questions (FAQs) | Drafting and Writing Provisional & Non-Provisional Patent Applications (Specifications)

  6. How and Why are Patents Important for Technology Companies & Startups In Asia?

  7. How can Patent Search help in determining Patentability of Invention?

  8. What is the meaning of Patent Pending Status?

  9. What are advantages of Filing a Provisional Patent Application?

  10. What is a Provisional Patent Application?

About Us – Indian Patent Law Firm

We, at Tech Corp Legal LLP, an Indian law firm serving global clients and patent attorneys worldwide, provide quality patent drafting services to inventors. Along with patent support services provided by GIP Research, we offer top quality patent specification drafting services including enforceable patent claims and high quality patent illustrations.

Our team of patent attorneys and technical patent experts has comprehensive experience in executing projects pertaining to international patent drafting, patent drafting services, drafting patent claims and patent applications, software and mobile app patents, provisional and non-provisional patents, patent searches, office action responses, etc.

***************************************

Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology & Corporate Laws. He is reachable at info (at) techcorplegal (dot) com & @rdpatentlawyer on Twitter

Discuss your Queries

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View our presentations here.

About the Author: Rahul Dev

Engagements: Contractual Consulting, Hourly, Project Based

Contact Mode: LinkedIn or directly message here

Schedule a Consultation Now

This is not a legal advice: Disclaimer, Non-Solicitation & Liability

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Patent Basics and Intellectual Property Rights from Rahul Dev

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IPR Protection for Hardware Startups – Patents, Trademarks, Copyrights and Designs from Rahul Dev

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How to Hire a Startup Lawyer – Ultimate Guide to Understand Startup Laws from Rahul Dev

Important Website Terms of Use & Legal Disclaimers for Online Business Models and Mobile Apps Download free ebook for “Drafting Website Terms and Conditions – Important Legal Considerations”:http://app.getresponse.com/view_webform.js?wid=9764902&u=SkJ5Add to Flipboard Magazine.https://cdn.flipboard.com/web/buttons/js/flbuttons.min.js

Originally published in Annual Magazine published by BCAS, Delhi University.

Read full article as originally published here.

student magazine cover campus placement

Talk to any working professional who has worked for 5 years or more seeking career advice, and majority will give you a common answer about how they committed blunders during their early stages, or how they focused too much on resume and ignored the skills, or how they lost a chance to secure their dream job.
No matter what subjects we study, everyone has a dream job and a life goal somewhere lost between daily nuances of college life. What we miss during college days is a blueprint or master plan to ensure that our acts are in sync with our dream job and life goals.

article

List Down Your Interests

A common issue faced by many students is finding answer to a question that bothers them throughout their college journey:

“How to find a dream job?”

To find answer to this question, we seek guidance of anyone and everyone we know. But we miss one crucial point, no one can help us find our dream job unless we know what exactly our dream job is.

Do we ever make a list of 10 things we want to do after college?

Do we ever make a list of our interests?

Do we list down 20 companies we want to work for?

No, most of us don’t do this.

Well, in a perfect world, we should answer questions like these before pursuing our job search.

law school campus students job placement internship training program

There’s a movie starring Tom Cruise, Jack Reacher (2012), which has a scene wherein Tom’s character talks about people and life by saying:

“Look at the people. You tell me which ones are free. Free from debt. Anxiety. Stress. Fear. Failure. Indignity. Betrayal. How many wish that they were born knowing what they know now? Ask yourself how many would do things the same way over again, and how many would live their lives like me.”

Time teaches us everything and during various stages of life, we become mature enough to find our mistakes from the past.

So what’s the way out? How to ensure we don’t make any mistake that can derail our career? Well, we don’t live in a perfect world and mistakes are bound to happen. Making mistakes and learning from them is the only way to graduate in real life.

Focus on Skills

We treat dissertations, projects and internships as a part and parcel of our course syllabus. However, these are hidden gems that can add significant value to our career path. After making a list of our interests, dream companies to work for, things to do after college; we should try to focus on skills that are required to achieve these goals.

For example, if our dream company is Apple, we should focus on its core aspect like reasons to fall in love with every apple device, which is mainly because of its dazzling design and intuitive user-interface. Search about people working in Apple’s design team, read about their work experience, interviews and so on. This way we can list the necessary skill set that can help us achieve our professional goals.

One key thing to note is that the skills will be different from our college curriculum.

This does not always mean that what we learn during college will not help. It is important to understand that academics provide a strong platform to pursue industry skills. Therefore, one should always ensure that academics and skills go hand in hand to achieve success in life.

If you are looking for some motivation, read about founders of companies like Microsoft, Facebook, Dell and Google. All of them started working towards achieving their life goals early in college and see how they are positioned today.

One small piece of advice:

Dropping out of college sounds really cool, only if it’s Harvard

Make the most out of your college journey and don’t focus on resume much, because if you can blend academics with skills, resume will take care of itself, but not vice versa. All the best.

Rahul Dev, Partner at the law firm of Tech Corp Legal LLP, is a patent attorney and international technology business lawyer. Dev’s corporate law practice is aimed at integrating patents, technology laws, intellectual property rights, regulatory and security laws to provide services to Tech companies.

Patent Drafting Resources

  1. Patent Drafting and Writing Strong Patent Applications for Creating & Protecting Inventions

  2. Patent Application Writing Guide | Ultimate Cheat Sheet for Drafting Software Patents and Mobile App Patents

  3. Patents in MedTech – Online Healthcare & Medical Practice Management

  4. Patent Research & Analytics | Where Patent Analytics Are Headed – Harnessing Power of Patent Analytics for Patent Strategy

  5. Frequently asked questions (FAQs) | Drafting and Writing Provisional & Non-Provisional Patent Applications (Specifications)

  6. How and Why are Patents Important for Technology Companies & Startups In Asia?

  7. How can Patent Search help in determining Patentability of Invention?

  8. What is the meaning of Patent Pending Status?

  9. What are advantages of Filing a Provisional Patent Application?

  10. What is a Provisional Patent Application?

About Us – Indian Patent Law Firm

We, at Tech Corp Legal LLP, an Indian law firm serving global clients and patent attorneys worldwide, provide quality patent drafting services to inventors. Along with patent support services provided by GIP Research, we offer top quality patent specification drafting services including enforceable patent claims and high quality patent illustrations.

Our team of patent attorneys and technical patent experts has comprehensive experience in executing projects pertaining to international patent drafting, patent drafting services, drafting patent claims and patent applications, software and mobile app patents, provisional and non-provisional patents, patent searches, office action responses, etc.

***************************************

Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology & Corporate Laws. He is reachable at info (at) techcorplegal (dot) com & @rdpatentlawyer on Twitter

Discuss your Queries

https://clarity.fm/assets/widget_loader.jsFrequently asked questions – Patents, Technology & Internet Laws ***************************************

To get in touch with us, please click here.

View our presentations here.

About the Author: Rahul Dev

Engagements: Contractual Consulting, Hourly, Project Based

Contact Mode: LinkedIn or directly message here

Schedule a Consultation Now

This is not a legal advice: Disclaimer, Non-Solicitation & Liability

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Patent Basics and Intellectual Property Rights from Rahul Dev

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IPR Protection for Hardware Startups – Patents, Trademarks, Copyrights and Designs from Rahul Dev

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How to Hire a Startup Lawyer – Ultimate Guide to Understand Startup Laws from Rahul Dev

Important Website Terms of Use & Legal Disclaimers for Online Business Models and Mobile Apps Download free ebook for “Drafting Website Terms and Conditions – Important Legal Considerations”:http://app.getresponse.com/view_webform.js?wid=9764902&u=SkJ5Add to Flipboard Magazine.https://cdn.flipboard.com/web/buttons/js/flbuttons.min.js

Future of connectivity relies heavily upon 5G technology and companies including Nokia, Huawei and Ericsson are getting ready to prepare themselves for next generation mobile technology.

Originally published here.

5g bluetooth low energy internet of things iot patent attorney mobile app software patents india

While essential technologies are covered under SEPs (Standard Essential Patents) and FRAND (Fair, Reasonable and Non Discriminatory Licensing Terms), there’s still big rewards for original patent holders who own core technology that will power next generation mobile connectivity.

Recently Apple and Ericsson signed a collaborative agreement to work together and develop 5G technology, which included understanding to end lawsuits across US and Europe. As per deal, Ericsson will allow Apple to use its standard essential patents. The collaboration will expand to various technology areas, including 5G development, wireless network optimization and network traffic management.

Qualcomm has already released its 5G vision to expand mobile technology by 2020. Qualcomm envisions 5G as disruptive mobile technology that can enable new services, connect new industries and empower new user experiences. the fifth generation mobile technology, i.e. 5G and corresponding patents are aimed at providing a new kind of network along with a unified platform to connect consumer devices, smart homes, connected cars, medical innovations, health tech, wearable devices, fitness gadgets, automated manufacturing devices, and the like, which can collectively be termed as Internet of Things (IoT).

Along with massive network of IoT, enhanced mobile broadband will power the next generation of mobile technology to provide immersive experience and hyper connectivity. at the same time, IoT innovations will enable users to connect virtually anything, anywhere using efficient low-cost communication innovations.

However, companies working on 5G technology innovations by filing multiple patents will also leverage upon 4G and Wi-Fi investments simultaneously. Seamless integration of 5G shall require significant improvements over 4G and full exploitation of 4G to its maximum potential.

Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology, Intellectual Property & Corporate Laws. He is reachable at info (at) techcorplegal (dot) com & @rdpatentlawyer on Twitter

Flagship Speaking Engagements

Patent Forum (Munich, Germany) | News Channel | ASSOCHAM | FICCI | Brand Licensing India | BioEnergy International

Featured Publications

Economic Times | BioSpectrum | International Bar Association | LawAsia | SwissInfo | Global Legal Post | HT Live Mint | Outlook Money

Rahul Dev, Partner at the law firm of Tech Corp Legal LLP, is a patent attorney and international technology business lawyer. Dev’s corporate law practice is aimed at integrating patents, technology laws, intellectual property rights, regulatory and security laws to provide services to Tech companies.

View our presentations here.

About the Author: Rahul Dev

Engagements: Contractual Consulting, Hourly, Project Based

Contact Mode: LinkedIn or directly message here

Schedule a Consultation Now

This is not a legal advice: Disclaimer, Non-Solicitation & Liability

Patent Drafting Resources

  1. Patent Drafting and Writing Strong Patent Applications for Creating & Protecting Inventions

  2. Patent Application Writing Guide | Ultimate Cheat Sheet for Drafting Software Patents and Mobile App Patents

  3. Patents in MedTech – Online Healthcare & Medical Practice Management

  4. Patent Research & Analytics | Where Patent Analytics Are Headed – Harnessing Power of Patent Analytics for Patent Strategy

  5. Frequently asked questions (FAQs) | Drafting and Writing Provisional & Non-Provisional Patent Applications (Specifications)

  6. How and Why are Patents Important for Technology Companies & Startups In Asia?

  7. How can Patent Search help in determining Patentability of Invention?

  8. What is the meaning of Patent Pending Status?

  9. What are advantages of Filing a Provisional Patent Application?

  10. What is a Provisional Patent Application?

About Us – Indian Patent Law Firm

We, at Tech Corp Legal LLP, an Indian law firm serving global clients and patent attorneys worldwide, provide quality patent drafting services to inventors. Along with patent support services provided by GIP Research, we offer top quality patent specification drafting services including enforceable patent claims and high quality patent illustrations.

Our team of patent attorneys and technical patent experts has comprehensive experience in executing projects pertaining to international patent drafting, patent drafting services, drafting patent claims and patent applications, software and mobile app patents, provisional and non-provisional patents, patent searches, office action responses, etc.

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Patent Basics and Intellectual Property Rights from Rahul Dev

[slideshare id=fedUH8BLnh5Y6T&w=425&h=355&fb=0&mw=0&mh=0&style=border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;&sc=no]

IPR Protection for Hardware Startups – Patents, Trademarks, Copyrights and Designs from Rahul Dev

[slideshare id=45lPAl6nOHQUkd&w=425&h=355&fb=0&mw=0&mh=0&style=border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;&sc=no]

How to Hire a Startup Lawyer – Ultimate Guide to Understand Startup Laws from Rahul Dev

Important Website Terms of Use & Legal Disclaimers for Online Business Models and Mobile Apps Download free ebook for “Drafting Website Terms and Conditions – Important Legal Considerations”:http://app.getresponse.com/view_webform.js?wid=9764902&u=SkJ5Add to Flipboard Magazine.https://cdn.flipboard.com/web/buttons/js/flbuttons.min.js

Views published in HT LiveMint – India’s Patent Problems

Traditionally, after filing patents in India, applicants complained about lack of transparency in Indian Patent Office as it was impossible to track the patent prosecution process, specifically the patent examination.

Originally published here.

patent filing examination prosecution agent attorney india

The article covers development at Indian Patent Office’s move of making its file movements and examination process public.

Rahul Dev, Partner at the law firm of Tech Corp Legal LLP, is a patent attorney and international technology business lawyer. Dev’s corporate law practice is aimed at integrating patents, technology laws, intellectual property rights, regulatory and security laws to provide services to Tech companies.

Patent Drafting Resources

  1. Patent Drafting and Writing Strong Patent Applications for Creating & Protecting Inventions

  2. Patent Application Writing Guide | Ultimate Cheat Sheet for Drafting Software Patents and Mobile App Patents

  3. Patents in MedTech – Online Healthcare & Medical Practice Management

  4. Patent Research & Analytics | Where Patent Analytics Are Headed – Harnessing Power of Patent Analytics for Patent Strategy

  5. Frequently asked questions (FAQs) | Drafting and Writing Provisional & Non-Provisional Patent Applications (Specifications)

  6. How and Why are Patents Important for Technology Companies & Startups In Asia?

  7. How can Patent Search help in determining Patentability of Invention?

  8. What is the meaning of Patent Pending Status?

  9. What are advantages of Filing a Provisional Patent Application?

  10. What is a Provisional Patent Application?

About Us – Indian Patent Law Firm

We, at Tech Corp Legal LLP, an Indian law firm serving global clients and patent attorneys worldwide, provide quality patent drafting services to inventors. Along with patent support services provided by GIP Research, we offer top quality patent specification drafting services including enforceable patent claims and high quality patent illustrations.

Our team of patent attorneys and technical patent experts has comprehensive experience in executing projects pertaining to international patent drafting, patent drafting services, drafting patent claims and patent applications, software and mobile app patents, provisional and non-provisional patents, patent searches, office action responses, etc.

***************************************

Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology & Corporate Laws. He is reachable at info (at) techcorplegal (dot) com & @rdpatentlawyer on Twitter

Discuss your Queries

https://clarity.fm/assets/widget_loader.jsFrequently asked questions – Patents, Technology & Internet Laws ***************************************

To get in touch with us, please click here.

View our presentations here.

About the Author: Rahul Dev

Engagements: Contractual Consulting, Hourly, Project Based

Contact Mode: LinkedIn or directly message here

Schedule a Consultation Now

This is not a legal advice: Disclaimer, Non-Solicitation & Liability

[slideshare id=nBPIaLwdPRD8AB&w=425&h=355&fb=0&mw=0&mh=0&style=border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;&sc=no]

Patent Basics and Intellectual Property Rights from Rahul Dev

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IPR Protection for Hardware Startups – Patents, Trademarks, Copyrights and Designs from Rahul Dev

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How to Hire a Startup Lawyer – Ultimate Guide to Understand Startup Laws from Rahul Dev

Important Website Terms of Use & Legal Disclaimers for Online Business Models and Mobile Apps Download free ebook for “Drafting Website Terms and Conditions – Important Legal Considerations”:http://app.getresponse.com/view_webform.js?wid=9764902&u=SkJ5Add to Flipboard Magazine.https://cdn.flipboard.com/web/buttons/js/flbuttons.min.js

Views published in Economic Times:

FreeCharge’s patent filing for alternative to OTP a wake up call for other companies

Originally published here.

financial technology patent attorney

FreeCharge files patent for technology claiming secure features for online transactions that provide alternative to the SMS based one-time-password (OTP)

Freecharge’s Technology named ‘On The Go Pin’ makes online and offline transactions faster

FinTech innovation by FreeCharge can reduce delay caused in receiving OTP through text message (SMS)

Freecharge’s patent claims innovative technology wherein security pin for online transactions resides within smartphone and keeps changing every few seconds.

To ensure security of online transactions, backend server of bank and merchants verify pin to process transaction.

Startups and companies file FinTech patents to prevent innovation theft and build up portfolio of intangible assets.

Patents serve as valuable assets for innovative companies spending valuable resources in research and development.

Analysis of patent portfolios of active companies and startups in financial technology (‘FinTech’) sector reveal that patenting activity in this patent classification is tossing up.

FinTech patents claim innovative technologies using digital platforms to deliver financial products and services that are implemented via efficient business models.

FinTech patents are filed in business sectors covering payments, banking, wealth management, capital markets, insurance, lending etc.

FinTech patents generally disclose innovations covering data, analytics, Internet of Things (IoT), artificial intelligence (AI), crowdfunding, security, cloud computing, cryptocurrency etc.

Patent filing trends indicate R&D for financial technology based innovations is active among banks, financial institutions, telecoms companies, software companies and e-commerce companies.

Interesting patent filing trends in FinTech sector indicate that institutions like Visa and Bank of America have filed numerous patents.

FinTech patents can be used to generate revenues by enforcement or by selling the patented technology to interested companies.

Rahul Dev, Partner at the law firm of Tech Corp Legal LLP, is a patent attorney and international technology business lawyer. Dev’s corporate law practice is aimed at integrating patents, technology laws, intellectual property rights, regulatory and security laws to provide services to FinTech companies.

Patent Drafting Resources

  1. Patent Drafting and Writing Strong Patent Applications for Creating & Protecting Inventions

  2. Patent Application Writing Guide | Ultimate Cheat Sheet for Drafting Software Patents and Mobile App Patents

  3. Patents in MedTech – Online Healthcare & Medical Practice Management

  4. Patent Research & Analytics | Where Patent Analytics Are Headed – Harnessing Power of Patent Analytics for Patent Strategy

  5. Frequently asked questions (FAQs) | Drafting and Writing Provisional & Non-Provisional Patent Applications (Specifications)

  6. How and Why are Patents Important for Technology Companies & Startups In Asia?

  7. How can Patent Search help in determining Patentability of Invention?

  8. What is the meaning of Patent Pending Status?

  9. What are advantages of Filing a Provisional Patent Application?

  10. What is a Provisional Patent Application?

About Us – Indian Patent Law Firm

We, at Tech Corp Legal LLP, an Indian law firm serving global clients and patent attorneys worldwide, provide quality patent drafting services to inventors. Along with patent support services provided by GIP Research, we offer top quality patent specification drafting services including enforceable patent claims and high quality patent illustrations.

Our team of patent attorneys and technical patent experts has comprehensive experience in executing projects pertaining to international patent drafting, patent drafting services, drafting patent claims and patent applications, software and mobile app patents, provisional and non-provisional patents, patent searches, office action responses, etc.

***************************************

Rahul Dev is a Patent Attorney & International Business Lawyer practicing Technology & Corporate Laws. He is reachable at info (at) techcorplegal (dot) com & @rdpatentlawyer on Twitter

Discuss your Queries

https://clarity.fm/assets/widget_loader.jsFrequently asked questions – Patents, Technology & Internet Laws ***************************************

To get in touch with us, please click here.

View our presentations here.

About the Author: Rahul Dev

Engagements: Contractual Consulting, Hourly, Project Based

Contact Mode: LinkedIn or directly message here

Schedule a Consultation Now

This is not a legal advice: Disclaimer, Non-Solicitation & Liability

[slideshare id=nBPIaLwdPRD8AB&w=425&h=355&fb=0&mw=0&mh=0&style=border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;&sc=no]

Patent Basics and Intellectual Property Rights from Rahul Dev

[slideshare id=fedUH8BLnh5Y6T&w=425&h=355&fb=0&mw=0&mh=0&style=border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;&sc=no]

IPR Protection for Hardware Startups – Patents, Trademarks, Copyrights and Designs from Rahul Dev

[slideshare id=45lPAl6nOHQUkd&w=425&h=355&fb=0&mw=0&mh=0&style=border: 1px solid #CCC; border-width: 1px; margin-bottom: 5px; max-width: 100%;&sc=no]

How to Hire a Startup Lawyer – Ultimate Guide to Understand Startup Laws from Rahul Dev

Important Website Terms of Use & Legal Disclaimers for Online Business Models and Mobile Apps Download free ebook for “Drafting Website Terms and Conditions – Important Legal Considerations”:http://app.getresponse.com/view_webform.js?wid=9764902&u=SkJ5Add to Flipboard Magazine.https://cdn.flipboard.com/web/buttons/js/flbuttons.min.js

Evan asked his first question: “What’s the worst thing I can do as CEO to fuck the company up?”

Without skipping a beat, Campbell responded: “Hire your fucking friends!” He went into a ten-minute tirade about friends and business and how they don’t mix.

This conversation summarises the first meeting between Evan Williams (Ev), Co-Founder, Twitter, with Bill Campbell, legendary CEO coach, who has mentored Steve Jobs and a long list of other titans.
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It comes out as an important business lesson after reading the book, “Hatching Twitter: A True Story of Money, Power, Friendship, and Betrayal” by Nick Bilton, New York Times technology and business columnist and lead blogger for The New York Times Bits Blog.

More details regarding the book Hatching Twitter may be seen here. The book can be bought in different formats, including Kindle, Hardcover, Paperback and Audible.

Hatching Twitter Startup Story Co founder conflict

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So, the important business lesson is that friends and business do not mix. Although many startups and entrepreneurs begin their journey as couple of friends who get together to build the next build thing, most of such relationships end on a bitter note, as gradually, it gets difficult to draw a line between personal and professional relationships.

While carrying out day-to-day business activities, problems are encountered regularly and taking proactive business decisions can solve the problems. However, when it comes to friends, personal relations mostly overshadow the problem at hand, which subsequently snowballs into much bigger problems. On the contrary, if things go as per plan, such relationships can foster into great business partnerships.

In the end, be it friendships or business, it all boils down to how well people manage their relationships. While building a startup with a goal of generating a successful business, a co-founders agreement is an important document that can help avoid potential disputes. In case of conflicts, the co-founder agreement can provide clarity with regards to resolving such conflicts.

Rahul Dev (@rdpatentlawyer) is a patent attorney, international business lawyer, speaker & author. He serves as corporate counsel to clients worldwide. He blogs about Technology & IP Laws at www.TechLaw.Attorney and about Business, Strategy & Leadership at www.AdvocateRahulDev.com.

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