Transform your daily workflows and Password Protect Intellectual Property Sale Agreement

Aug 6th, 2022
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How to Password Protect Intellectual Property Sale Agreement

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hey this is attorney elizabeth weinstein and today were going to be talking about how to find and protect the intellectual property assets of your business no matter what kind of business you have you have some kind of intellectual property even if you dont kind of think of your business as having creative works or inventions or anything like that no matter what kind of business it is its gonna have something that can be protected by trademark law copyright law trade secret law or patents and the secret is is going through your business kind of doing an audit of your business to find these assets so you can strategically and intentionally protect them to increase the value of your business so why would you want to do that first is just to protect your investment whatever youve created wherever youve been building in your business you want to make sure that no one can take it away from you no one can open up something the exact same and still all your clients or customers just the

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Intellectual property can be protected four ways: By copyright. By patent. As a trade secret. By trademark.
As such, owners may want to consider: A licensing agreement for parties permitted to use protected IP. A confidentiality clause in an agreement with vendors. Non-disclosure agreements with employees. Ownership clauses. Non-compete agreements.
Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
If your idea doesnt qualify for a patent, you can still seek protection under the trade secrets law if its a secret and provides a competitive advantage.
The best way to protect IP is to register it with the government and enforce your ownership rights. Beyond registration and enforcement, you can protect certain types of intellectual property by: Documenting your discoveries. Using digital rights management.
Patents are not legally required before you sell your product or profit from your idea. There are many products and services sold in the United States that are not patent-protected. However, a patent is necessary if you want to prevent others from making marketing, selling, or importing your invention.
If you determine that the invention is probably not patentable, the most effective way to protect yourself is to have prospective licensees sign a nondisclosure agreement before you reveal your invention. This document is sometimes called an NDA or a confidentiality agreement, but the terms are similar.
Copyright, trademark, and patent are three of the most common types of IP protection. These grant you exclusive rights to your creations, especially when it comes to the commercial gains of their use.

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