entrepreneurshipTop of Mind

Commentary & Insights on Entrepreneurship The Top of Mind blog brings an array of editorial views to current events shaping the world of entrepreneurship. Engage, exchange, and expand your own view of the world!

RSS Feed Link

Creating Your IP Strategy: Employee Policies

Annette Beck on March 19, 2014 Source: e360 Blog

ABeckWhat's the most valuable aspect of your business? Is it the bricks and mortar? The equipment? Or is it something intangible?

While you can't touch it, feel it or see it, intellectual property when defined as "knowledge" or "know how" is often times the real equity of a business, and if it's lost, it can bring that business to its knees. Whether a new employee brings in trade secrets from a competitor or an existing employee leaves with the notion that he or she will share your secrets, either spells disaster.

The Founders School series on Intellectual Property illustrates the employment practices you put in place are critical to protecting your business. An expert in the realm of intellectual property, attorney Peter D. McDermott explains how to develop a strategy for protecting your IP using best practices when it comes to employee policies and procedures.

Peter covers the three main areas in any good IP strategy:

  1. Employee intakes (0:34) - Be sure they aren’t bringing in trade secrets from other companies
  2. Employee agreements (1:49) – Agreements employees sign to protect confidentiality or impose non-competes
  3. Employee departures (4:34) – How to make sure someone doesn’t leave with your companies’ ideas or secrets
  4. Employee Record Keeping (5:50) – Making sure employees keep track of their ideas or inventions while they work at your company

If your business is built on proprietary information, take a few moments to view this Founder’s School episode.  In less than 10 minutes, you’ll learn how to develop and implement an IP strategy that protects you, your company and your employees.

Tags:  Intellectual Property, Protecting your IP, Employee policies, employees, hiring, exit interviews, intake, employee departures, Employee record keeping, confidentiality, non-competes, trade secrets, Founders School, Invention Disclosure

  • 1
comments powered by Disqus

Twitter Updates

  • #Pipelineapps are open - do you have what it takes? Apply now @PIPELINEorg https://t.co/UxJI3Dc4ao
  • New on @KauffmanFS: @sgblank shares how lack of work/life balance cost him his first marriage http://t.co/2F47kXEyGl...
  • International Panel of High-Profile Judges Assembled for Get in the Ring: North American Startup Clash http://t.co/aT09Qyd3yS @KauffmanFDN
  • How to Keep Family Life Cool When Your Venture Heats Up http://t.co/ngdX0wwzfZ via @kauffmanFS
  • What do you do when your startup runs out of money? Vote for @KauffmanFDN & @UPGlobalHQ #SXSW panel to learn more http://t.co/otgpr6kY3h

Email Newsletters

Want to be up-to-date with the latest news and updates from Entrepreneurship.org? To subscribe, just give us your email address below; you'll choose which e-newsletters you'd like to receive on the next screen.