Friday December 23, 2011 at 4:23pm
You’ve got a great business idea - are you going to give it away for free? Have you just had a ‘light bulb’ moment when an idea for a great new business, product or service came to you? If so, your natural inclination is probably to go and share your brainwave with someone. Don’t do it! At least, not until you have a proper confidentiality agreement in place to protect it. The same warning applies if you’ve spent ages developing your idea and now want to reap your r.... (read more...)
Monday September 26, 2011 at 5:43pm
It is quite often the case that the most valuable assets of a business are its intellectual property such as trademarks and copyright, but do not overlook the important value of trade secrets.
Trademarks and copyright are out in the open, and any infringements can be protected by appropriate court action. But what about the trade secrets? These could be manufacturing processes, perhaps recipes in the food and drinks industry, and the very important research and development of products which ha.... (read more...)
Wednesday September 14, 2011 at 7:48pm
Any business owner who’s been approached by a potential investor or partner is always initially pretty flattered. It’s great to have someone else show an interest and see the potential of your business.
But if you’re talking to a potential investor, partner, licensee, buyer or supplier you’ll want to make sure your interests are adequately protected. Providing free access to business and financial information is certainly NOT recommended unless you have a proper agreeme.... (read more...)