How to Protect Your Business’ Intellectual Property
- May 24, 2022
- Comments Off on How to Protect Your Business’ Intellectual Property
If you’re a business owner, your intellectual property is one of the most valuable components of your business. The most common types of intellectual property are copyrights, patents, trademarks, and trade secrets.
Protecting these intellectual properties is crucial to the success of your business. This consists of more than just protecting your ideas; It consists of protecting your business’ core assets, which are integral to your products and services.
To learn how you can protect your business’ intellectual property with The Law Office of Darin Siefkes in Texas, read on.
Register Your Assets
The first crucial step to take in protecting your intellectual property is to register your assets as patents, trademarks, and copyrights.
You should register assets like your ideas, logos, slogans, product and service names, and other symbols unique to your business. If you’ve registered your assets a long time ago, be sure to stay up to date on the registrations to ensure that they’re active.
Oftentimes, registering your business assets can be a complex and lengthy procedure. It is recommended to consult with an attorney so that the process is completed efficiently.
Distribute Non-Disclosure Agreements
Non-disclosure agreements (NDAs) create legal structures that keep ideas and information from being stolen and shared with third parties or competitors. NDAs should be distributed to your employees and partners to ensure that if your intellectual property does get shared, legal action can be taken to protect your business.
Non-disclosure agreements should be drafted and distributed with the help of a business attorney. Attorneys can help you understand the ins and outs of the agreement, and can also guide you through the process of litigation if needed.
Attorney Darin Siefkes in Texas specializes in contract formation, including NDAs, so that you and your business’s intellectual property are protected.
Prioritize Strong Access Controls
Over the last year, the average per capita cost of a data breach increased by over 10 percent. While compromised intellectual property can be costly for your business’s reputation, it can also be costly to your finances.
It’s important that your business ideas, contacts, and other important assets are kept in a secure, password-protected place. You should also implement two-factor authentication as much as possible to add a layer of security.
Protect Your Business With Attorney Darin Siefkes in Texas
Protecting your intellectual property is vital to the success of your business. Be proactive and protect your assets rather than waiting for issues to arise. Contact our team today at The Law Office of Darin Siefkes in Texas to see how we can help you keep your intellectual property safe.