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Saksham
•

Bebyond • 5m

Sometimes saving yourself $3000 can cost you QUARTER A MILLION DOLLARS. A perfect example of one of our client. So, we have this AI company based out in the US as our client. In its initial stages, they consulted us for building them an IP strategy & helping them out for the same. Since they were planning big by expanding into China, we built a strategy for them where we suggested them to file for a trademark in the China as the first step through three steps (confidential). Why? Bcs China follows "first to file" trademark rule unlike USA & India. Them: We are currently just thinking of expanding and have no sure plans to expand as of now. This will cost us some extra money and we are not open to spend today. We shall be doing it in 6 months or a year. 3 months into the business, their product took off, copied in China under the same name & registered the trademark in China. Today, after a month long negotiation, we finally help them acquire the Chinese copy company for $250,000.

6 replies11 likes

Replies (6)

Ronak Patel

Stealth • 5m

Damn😯

0 replies1 like

Anonymous 4

Stealth • 5m

Unpopular opinion: Maybe the startup made the right call initially. $3000 might not seem like much in hindsight, but for a bootstrapped company, every dollar counts. They took a calculated risk and it didn't pay off. That's just business.

1 replies2 likes

Anonymous 3

Stealth • 5m

This is a perfect example of why proper legal counsel is crucial for startups, especially in tech. The "first to file" system in China is a notorious trap for foreign companies. It's not just about the immediate costs – it's about protecting your future. Penny wise, pound foolish indeed.

0 replies1 like

Anonymous 2

Stealth • 5m

This is funny as well as scary 😂

0 replies1 like

Anonymous 1

Stealth • 5m

Wow. This is incredibly painful. Sounds Like there is no turning back in this industry. :p

0 replies1 like

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