Just like exceptional, one-of-a-kind inventions and innovations, precious, classic vehicle collections must be protected to preserve their future value. With so much speculation in the marketplace on one year cars, which are out of production and even highly modified and altered vehicles, knowledgeable collectors and owners know that special vehicle as an investment, must have protection for its unique and special designs and excellence. Just as the concept of intellectual property protection is that inventions, modifications and sacrifices in making things better, faster and more beautiful should not be lost to the ages or captured by others in the future marketplace. Classic car collectors and owners understand that every detail is important and that their investments are meaningful both in their automotive industry and markets as well as to the future.
Finding the right IP Firm
Unlike other categories of investments and collectibles, rarities in automobiles and their elements require a very specific approach in intellectual property protection. When searching for a suitable intellectual property law firm, you must understand that it is more than just engineering drawings and model numbers that become the valuable assets of your vehicle collection. Think of protecting the unique aspects of your collection like protecting the very unique and one of a kind components of the collection. Different search terms may apply in your search for just the right firm. When choosing the right firm to protect the investment, collectors know that it is important to think about the strategy involved and the ability of the law firm to put together a comprehensive IP protection strategy. Your firm should understand how to put in place special design patents for every subsystem, subsystem assemblies and for countless individual components. Rarer vehicles often have rare engines and special elements that require careful and thorough protection. Many times, there may be unique transmissions, tire specifications and suspension technologies and designs that all require protection. When you think about the extraordinary effort and expense that goes into building the right vehicle, it is essential to enlist the right firm to protect it. You should fully consider the right search teams, engineers and other experts to develop your protection strategies. When negotiating with other parties including manufacturers and their successors you must be sure that you have researched the protections against other parties from the manufacture and their successors and prepared the right insurance and defense strategies to make sure your investment is protected. Often some of these protections are incorporated into a variety of licencing options including cross-licencing for future vehicles that you may intend to manufacture. You should also consider whether the firm has a dedicated and experienced team of patent attorneys who can help you make your special vehicle dreams and designs a reality. Private placement options for special vehicles can also protect your investments in special vehicles.