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Protect Your Intellectual Property

Let us consider you have decided to do what I currently did and contact your managing partner of a consulting firm or company and propose that the two things to agree to explore the possibility of forming a business alliance that just might become a much more profitable?

 

Business is all about deal-making and every once in a while a Solo preneur has to pitch a very good proposal to the right prospect. But there is many risk involved, usually for the smaller entity. Solopreneurs typically offer intangible services, better known as IP. We trade on our expertise, judgment, our brand and reputation, that which distinguishes us from the pack and allows us to make just a living purpose.

 


When you have been Engaging in a business alliance venture usually involves the sharing of IP by one or all of the parties. How can you protect yourself from unscrupulous operators and who might to decide a appropriate your valuable Intellectual Property as you're out there trying to be proactive, proposing potential business deals.

 


First thing you defines intellectual property or trade secrets as any formula, method that gives you a competitive advantage and anything that takes time, money, effort to develop these things.

 


Most of the business alliances, including licensing arrangements and require a business owner to reveal trade secrets and other Intellectual property. Protecting the coin of your realm is a top priority of the Surprisingly, trade secret protection can mostly be achieved by taking just a few simple steps that cost no money at all to enact.

 


A first Step is to identify your intellectual property as restricted material and therefore not available for general distribution and to Mark the material "Confidential" in big bold typescript. Step next is to require a special password to access the document files and to provides yet another level of security.

 


A last step of the IP security measure is to unambiguously state in a letter, or in the email to which the file of IP information is attached, that the information within is proprietary and confidential and that it is being provided as part of a business proposition for which you would like to be paid, should the proposal come to fruition.

 


Instituting such safeguards not only protects your IP and but if a dispute should lead to litigation, will also demonstrate to lawyers, judges and juries that you identified your intellectual property confidential and not intended for general distribution