Monday, January 25, 2016

How to Stop People From Stealing Your Business Plan

Nearly all businesses, whether they are small or large, are comprised of intellectual property (IP) and trade secrets, which can serve as the foundation for commercial success.

The World Intellectual Property Organization defines IP as, “creations of the mind,” which, depending on the business, can take many forms.

One thing is certain:

The more valuable the IP and trade secrets, the more vulnerable they are to theft and infringement.

When starting a business in today’s digital age, one of the most important actions one can take is protecting the intellectual property and trade secrets of that enterprise, from the very beginning.

The intellectual property of a business, which in many instances functions as the lifeblood of a company, is almost always financially valuable and that value increases as the company grows and starts generating revenue.

For any business, it is critical to establish evidence for the creation date and authorship for all IP at the earliest point possible, in order to demarcate clearly who created what and when.

Read more at: Bplans

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