Following the success of Google, Facebook, Snapchat and other high-tech companies originally started by college entrepreneurs, college campuses continue to churn out innovative and lucrative new businesses.
College entrepreneurs are certainly full of game-changing ideas and industry-disrupting business models. However, they may not be quite up to speed on how to legally protect their newfound business interests. This can come back to bite budding businesses big-time in the form of future litigation, such as the lawsuit filed against Snapchat by an ousted co-founder, settled last week for an undisclosed (but likely substantial) sum.
What legal tips should college entrepreneurs bear in mind? Here are five to consider: