Startups and other small businesses often develop groundbreaking products with great commercial potential. However, their limited resources often prevent them from manufacturing and selling those products themselves. It becomes necessary, therefore, to license the invention to third parties who have the resources to do so or to use the invention as leverage for investment. But pitching an invention to a third party is not without risk; the other company could steal the invention or the inventor could inadvertently lose patent rights in it. An Alabama intellectual property lawyer can help you protect your IP in these scenarios.