For many companies, their intangible assets of patents, copyrights, trademarks, domain names and trade secrets represent the majority of their value. Entrepreneurs are often proactive and file for domestic and international patents, copyrights and trademarks.
However, after representing entrepreneurs for more than 20 years, I remain dismayed by how frequently entrepreneurs fail to implement procedures to protect their trade secrets and confidential information.
All too often, I receive a call from a panicked CEO concerned about a key salesperson who has stolen the customer list, or about someone who has made inadvertent posts online.
Well-implemented procedures for protecting trade secrets and confidential information may help a company protect their valuable intangible assets. Here are 11 strategies to consider: