Robert Klinck – Klinck LLC

All Posts by Robert Klinck

Tips for Effectively Patenting Your Business

Time and time again, innovative ideas have been mimicked or stolen. Unfortunately, this type of thievery can happen if you are not protecting your business or idea. Patenting your idea is the best proactive action you can take. Although you cannot patent a business idea, such as a niche online store for example, you can patent your method of doing business.

Beginning the Patent Application Process

Patents are diverse and if you do not properly complete the process for obtaining one, you may spend more time and money on your patent than you would like. You will also, more importantly, be losing your valuable ideas. If you are certain that your idea falls in the requirements to apply for a patent, and you have checked that there are no other previously filed patents, then you can proceed with filing your patent.

Describing Your Patent Idea

When you are applying for a patent it is essential to provide the type of invention it is. Since a requirement of a patent is that it be an original idea, you will be asked to provide a well written and detailed description of it to ensure its unique nature. You might also be required to submit drawings or renderings.

Show Potential Benefits of Your Idea

One of the most critical tips for managing your patent and the potential resulting assets of it is to have an activity in place to identify substantial technological advances from the outset of the process.

Maintaining and Proving Originality

When you are looking to protect your idea with a patent, it is important that the specifics of your invention not be shared publicly before you submit your application for the patent. Keeping your idea under wraps helps to assure the originality of the invention and idea behind it, which is an essential requirement of obtaining a patent.

Know Your Strengths and Liabilities

Two key skills for seeking and obtaining a patent are paying attention to your strengths and knowing your restrictions. Engage outside resources as needed instead of diverting crucial time, effort and money in attempting to accomplish everything on your own. In order to effectively secure a new invention and make it a successful outcome, there are a lot of skills that need to be brought to bear, and many risks to be avoided.

For more information on obtaining a patent for your original idea or innovation, contact us today.

Are You Using IP Protection to the Maximum Value?

IP (Intellectual Property) protection is essential for your business. Whether you are running a small startup or large corporation, IP laws exist to protect your ideas and the value they create for your company.

You can take the first step to IP protection by consulting with an intellectual property lawyer, but true protection needs to be woven into your business strategy. Regardless of your company’s size, if you’ve created something from an idea, it’s your responsibility to ensure that it stays protected in the ever-changing landscape of your business.

We’ve spoken before about how IP protection adds value to your business. Not only does it prevent competitors from copying your ideas, it protects the value of what you create. Whether it’s a product, blog or logo, IP rights apply to everything that your business produces. But how can you tell if you’re maximizing your IP protection? Here are some steps you can take to ensure that you are:

Manage

Many companies make the mistake of applying for IP protection one time, then letting it sit indefinitely. They think that IP protection is a one-and-done deal, but that is not the case. IP protection is like a garden that needs to be tended to frequently. The more your plants grow, the more attention they need. It’s the same with an idea or product under IP protection.

As your business increases, the specific needs of your IP protection grow, too. Perhaps you’ve included more employees and need to account for their IP rights. Or, say your idea has expanded and gained more value as a result. No matter the case, IP protection is something that needs to be routinely checked and applied, so be sure to include monthly or quarterly reviews regarding your IP rights.

This also means you should keep new intellectual property completely off limits from the public until all the necessary protection is in place. We know that sitting on exciting information can be difficult. But announcing the details of a new development or idea before your protection is fully in place can leave your company vulnerable to infringement. Trust us, the wait is worth it.

Educate Employees

If you have more than one person under your company, chances are they are going to need proper education on the IP regulations for your business. The first step is to establish a standard code of conduct on how employees should treat confidential information, especially if they are involved with third party businesses. You should clearly state the confidentiality terms in your agreement (a clause which should be included in every employee contract, if you haven’t added it already) so that employees are aware that certain information cannot be disclosed outside your business.

Be sure that employees are clear on their individual IP rights within the company. They should know to submit any intellectual property they create and that their IP rights belong to your business. This should be stated clearly and frequently, to eliminate confusion and discourage employees from running off to competitors with their best ideas.

Another effective tactic to protecting your company’s IP rights is limiting access to sensitive information. Most start ups establish an environment where team members rotate from project to project with no confidentiality terms in place. If this sounds like your office, then you may want to consider keeping employees on a “need to know” basis when it comes to project details and information. Leave the confidential details to select senior management and let them know to only disclose project information that is absolutely necessary to the rest of your team.

Audit

Regular audits allow you to take stock of current IP protections and adjust the terms if necessary. As you review each IP, you can assess which updates are needed and act accordingly. You can also use your audits as an opportunity to establish a set procedure for future IP protection evaluation, to ease the process with each audit.

Audits also allow you time to monitor the market and identify any infringement at the hands of a third party. The purpose of IP rights is to protect yourself from other companies that may be trying to cash in on your ideas. If you diligently assess your IP status, you have a higher chance of catching infringement early on.

At the same time, you can compare your IP portfolio against competitors to ensure you are not infringing on another company’s IP rights. Not that you would ever purposefully take another person’s intellectual property, but not fully understanding IP rights could lead to infringement that you may not even be aware of. No matter the situation, your company would be held to the same consequences of IP theft. Regular audits are an opportunity to review IP rights and ensure your company is protected on both sides of the spectrum.

Enforcement

Once you have IP protection in place, you need to know what to do if infringement occurs. Having a plan will allow you to act swiftly if infringement is detected and your company needs to take action. You may already have a system in place for employees who breach the confidentiality terms of their agreement, but third parties could be trickier.

That’s why it is necessary to make sure you are aware of the IP laws and your rights. It’s not an easy business, so you may want to work with an experienced IP counsel to understand your rights. If enforcement is necessary, we will able to advise you on the best course of action to protect your business.

If you are interested in learning about how we can assist with your IP needs, contact us today for a free consultation!

What’s It Worth? Finding Out the Value of Your Intellectual Property

Setting prices for a company is tricky enough without adding in the intangible things. Intellectual property is valuable and integral to your company’s success – so how do you place a value on it, especially when working with clients on a new project? How do you calculate it? Is there some equation that magically tells you the exact value of your intellectual property?

Here are a few ways you can determine the worth of your intellectual property to your company.

Market-Based Valuation

This method finds the value for your IP asset by comparing similar transactions in a similar market for similar assets with similar uses and establishing a market value. However, this is only doable if an active market exists for your particular asset. Since licensing and selling intellectual property assets is relatively new, there are constantly IP assets that won’t be able to use this valuation method.

The context in which the transaction was made is also important and can prevent certain ones from being comparable. However, if you can find enough information, this method is considered the most straightforward and systematic way to determine the value of your IP.

Cost-Based Valuation

Using a cost-based method creates a one-to-one correlation between the cost to produce and the value of the asset. The value of the asset is no greater than the cost to produce, replace or purchase the asset. This is a good method for things like direct costs of materials, legal fees and time spent in development.

Cost-based methodology is the most convenient, but it fails to take into account the fact that the value of IP is typically higher than the flat amount it costs to produce it.

Income-Based Valuation

This method requires the most information and expertise, but it is probably the most widely-used and reliable one. The income-based method is based on the theory that the value of an IP asset is determined by the financial income it can generate in the future. The trickiest part is knowing what income will be directly attributable to the IP asset. It looks at past financial information, market information, industry trends and competition to determine the best estimate of the IP asset’s value.

Knowing the value of your intellectual property assets is important to conducting a successful business. How much is yours worth? Find out using one of these methods.

Here is What the Future of IP Protection Will Look Like

As a business, I can’t tell you enough how important it is to protect your intellectual property. These are the things that help set you apart from businesses like yours. Whether you’re creating works of art to sell online or a coach putting your experience to help other business owners, you need to understand the basics of intellectual property law and what to expect as we move forward.

Before we get started, let’s take a look at the different types of intellectual property protection for businesses and how to go about protecting them. A law firm that specializes in IP law will be a great resource to you as you go through this process. These lawyers can best advise you on how to protect your IP and your company as a whole.

The four types of IP protection for businesses:

– Copyrights

Copyrights will protect original works. These include literary works, computer software, graphic works, recordings, artistic works, music, pantomimes and choreographic works. If you have copyright protection on these things for your business, you will have exclusive rights to modify, perform, create, distribute, copy and display this work.

Copyright actually exists from the moment that something is created. Something qualifies under copyright laws if the work is fixed in a tangible medium of expression. You can choose whether or not to register the work. If you do register, you may be eligible for attorney fees and statutory damages during an infringement suit. It takes about two and a half months to process an e-filed application and about five and a half months for a paper application.

– Patents

Patents grant rights on an invention. There are three types of patents: utility, design and plant. Patents prevent others from selling, making or using your invention. These inventions usually allow many businesses to be successful because they develop better processes or products than their competitors. When this is done, it’s important to protect it from these competitors.

– Trademarks

A trademark is a word, symbol, phrase or design that distinguishes your product or service from your competitors.

-Trade Secrets

Trade secrets are also important to the success of your business. These things can include a process, formula or other business information.

That’s great — but what are some steps you can take, right now, to help protect your intellectual property in today’s digital world, where copy and paste seem to reign supreme?

Protect Your Property Online

– Disable the right clicking option.

An easy way to help protect your images and text on your website is to prevent right-clicking. This will keep people from easily copying your IP, such as images and photographs, off your website. This can be done with different plugins.

– Create galleries for images.

This will also make it more difficult for people to steal your images.

– Use watermarks on your images.

Many businesses use watermarks to prevent people from stealing original images off their websites. This is especially common for photographers to protect images posted online for their clients.

– Put copyright notices on your website.

This will discourage people from stealing your work and make them think twice before attempting to steal images.

– Use a plugin to prevent content theft.

The unique nature of your content is important to your success. You want your website to add to a potential customer’s experience and keep them coming back. If other businesses steal your content, it may be hard for these people to figure out who the original writer was. You need to protect your images, as well as your content, from being stolen and used by others. Set your business apart from all the others. The way to do this is with original content — that is protected.

There are a variety of plugins to help people from stealing your content from your website as well. These include Feed Delay, Tynt Insight, WordPress SEO Yoast, WP Content Copy Protection and Plagiarism checkers. These plugins will help deter people from stealing your content or provide you with a notification when someone uses it.

What to Expect From the Future of IP:

– Online businesses will continue to grow.

As online businesses continue to grow, it may become even more difficult to protect your  intellectual property. This will make stealing even easier. Using the tips above, though, can help discourage this theft.

– IP lawyers will continue to be necessary.

Lawyers who specialize in IP law will continue to be valuable as we move forward, especially with the increase of online businesses. It’s important that these lawyers adjust and increase their knowledge with the changing times. It is now easier to steal content than it has been, so lawyers must be able to advise business owners on the best course of action.

– Marketing companies will need to change with the times, as well.

Since plugins will be necessary to help protect online content, marketing companies need to take this into account when designing web pages. They will be essential in protecting their clients’ interests.

Contact us for more information!

IP Will Give you a Competitive Advantage

If you’re an online business owner, you’ve probably put a great deal of thought into your product or service. Whether you’re a writer or artist, a podcaster or fitness pro, by now you’ve probably discovered that the most successful business owners are the ones who’ve discovered their own unique products. However — most of these businesses have never thought about how that uniqueness should be protected.

While intellectual property can truly help the success of a business, in many cases, IP is a life-saver. Sure, it may seem like a tedious process at first, but in the long run, the time it takes to make sure your business and products or services are secure will keep you ahead of the game for years to come. If you’re looking for long-term success, there’s nothing you should want more than to keep your competitors on their feet. The proper protection of your IP can increase the value of your business and generate revenue — all while putting you ahead of your competitors.

Keep in mind: not all licensing agreements lead to preferred and profitable results for the business owner. Before signing any agreement, be sure to first verify that the party you are working with has the resources and devotion to take your IP to the next level. You want IP to benefit your company, not damage it, or show little to no advantages.

Securing your intellectual property can often bring two major benefits.

Launching Your Product Faster: Developing the structure that is needed to oversee your product or service and its sales may take a fair amount of time. In addition to getting everything else done that your business needs, licensing your IP to a company can ensure that your product is launched in the market quicker and within a shorter period of time than your competitors.

Gives Your Business a Competitive Advantage: Licensing your IP can give your business a competitive advantage over others in your common market. If you license your product or service, you’ll more than likely find that it is easier for your product to get exceptional market coverage, which will grow sales and promote the brand to as many customers as possible.

IP is about protecting the time, money and effort you put into your business — and it’s especially important for online businesses, where it’s easier for others to rip off your designs and developments, By taking some basic steps you can:

  • Secure what’s yours (whether it’s a service or product)
  • Turn your work into profitable returns
  • Set your business up for growth
  • Keep competitors behind you
  • Make sure you’re not infringing on others’ rights
  • Attract investors
  • Advance your business to investors, licensees or potential buyers.

There is nothing more important than the value of your business. Make sure you are taking all of the steps necessary to protect it and grow it.

Protecting Intellectual Property

Intellectual property laws have been around for centuries. These laws exist to protect people who have come up with original innovations, inventions and creative works from having their originality and imagination used for the financial gain of others. But, protecting your IP is not a passive act. If you truly want to keep control over your original innovations follow the guidelines below.

Seek the Help of a Professional

Obtaining IP status for an invention or innovation is not necessarily as simple and straightforward as it may seem. In fact, obtaining IP is full of small details that cannot be overlooked. Something as simple as a patent application needs to be written in a certain way and with specific wording to have the best chance of being approved. Working with an experienced IP attorney can help to ensure that all of your information is prepared properly and ready to submission to the patent office.

Know Your Rights

One of the best ways you can protect your original ideas is to know what your rights are in relation to them. The overall concept of IP can be divided into four subsections based on the what needs protection.

  • Patents protect inventions
  • Registered designs protect the appearance of products
  • Trademarks protect brands
  • Copyrights protect ideas

It is important to know which type of protection your idea needs and what you need to do to get that protection.

Decide What you are Going to do With Your IP

Obtaining IP status is not free. So, before you spend money to protect your ideas, decide what you are going to do with your invention and why you want to prevent other people from using your ideas. Having an IP is only useful if you are willing to enforce it. So, make sure you seek it judiciously, and only on ideas that are going to hurt you financially if they get into the hands of competitors.

Protect Your IP Early

When you want to protect your IP, do so as early as possible. As soon as you establish something that needs to be protected, start taking steps to protect it. It can take a bit of time to get patents, copyrights and trademarks, so the earlier you start the groundwork, the quicker you can get the entire process done.

Search Your State’s Registries

Take the time to research your state’s registries for trademarks and other forms of IP. Some states will allow you to do the search online but others will require you to call in a request for their staff to conduct a search on your behalf. Either way, a thorough search will let you know if your idea has any competition of which you need to be aware. Keep in mind, similar ideas that were created before yours may have certain rights, even if they do not have IP status.

Understand That the World of IP is Large and Controversial

The world of IP is immense. It also has a huge impact on international relations and trade. It is often fraught with political complications, so it can also be controversial. In fact, the United Nations has an entire agency dedicated to the protection of IP, so it reaches to other developed and developing countries as well.

Keep Your Idea Secret Until you File a Patent Application

When you come up with a new idea, it’s natural to want to share it with the people closest to you — and anyone else who will listen. Stay strong and keep your idea quiet until you have filed your patent application. The fewer people you tell about it, the less likely it will be that someone takes your idea and uses it as their own. Always err on the side of caution; even if you share your idea under the protection of a confidentiality agreement, it will not necessarily stop someone from sharing that information anyway.

Make Sure You Own Your IP in a way That Allows for Development

When you own an idea, there is always a possibility that after a while, you discover a way to tweak it and make it better. If your IP is designed in a way that does not allow for the development of the idea, then you will be stuck with the original incarnation of it. However, if your IP allows for development, you can make changes and improvements to make the final product better.

If you have questions about protecting your intellectual property, contact us today.

Intellectual Property: How to Protect Your Company

In business, one of the main jobs of leadership is to ensure that the company’s assets are protected. Employees, material property, time and more all fit into this category. But when you’re setting up protections for your company, are you making sure that one of the most important things is secure?

Intellectual property is one of the greatest assets a company can have, and it’s crucial that you keep your company’s IP safe. It’s just one step in ensuring the protection of your company and your employees, but it’s important and relatively easy to do.

Why: Promote Creativity & Innovation

Why is protecting intellectual property so important? Well, there are a variety of reasons – some more technical than others – but one of the biggest ones that business owners, especially of online businesses need to keep in mind is this:

By protecting intellectual property, you’re protecting your company’s — and your own — creativity.

It’s true! Without protections for IP, there’s far less incentive for anyone to be creative or innovative. Why bother spending time coming up with a new idea or a new solution if someone could just snatch it away and take credit for it? Intellectual property laws are in place to help promote and encourage problem-solving, thinking outside the box and ingenuity.

By prioritizing IP – something that many new businesses and startups fail to do – you can make sure that you’re stopping a problem before it ever happens and protecting your employees, your brand and yourself from losses.

How: Institute an IP Policy & File Legal Protection

One of the first things you should do is implement a company IP policy. You can find a sample one here. This commits any employees and contractors to behaving honestly and not engaging in IP fraud.

Another important step to take is getting the appropriate legal protection. There are four kinds of IP: trademarks, copyrights, patents and trade secrets. Be sure to research and find out which one fits your company’s needs (you may need more than one), and get the appropriate protections!

Protecting your company – and your company’s property – is very important. It’s at the heart ofall the decisions that business owners and leaders make. In the process of setting up safeguards for your business like insurance plans, HR policies and secure logins, don’t neglect to protect your intellectual property. Ideas and creativity are what keep businesses alive!

The History of Intellectual Property

Intellectual property (IP) is a term that refers to work or inventions that are created as a result of someone’s creativity. The person responsible for the creation is given rights to them in the form of patents, copyrights or trademarks. The concept of IP did not happen overnight. Instead, IP as we know it today, has evolved over time.

The Origins of Intellectual Property

The idea of IP dates all the way back to 500 BC. It came about because the Greek state of Sybaris allowed its citizens to obtain a patent for “any new refinement in luxury.” Since then, refinements have been made and laws regarding copyrights and trademarks have become more complicated. However, the intent of the laws has always remained the same. The laws are created to encourage people’s creativity and make it possible for inventors to reap the benefits of their original ideas.

The Advent of Copyrights, Patents and Trademarks

Intellectual property is protected through the obtaining of copyrights, patents and trademarks. These entities were not mentioned in the early history of IP. The first statue involving any of these ideas did not occur until medieval times in Europe, when the Statute of Monopolies was initiated in 1623. During this time, various guilds controlled all major industries. Each guild held a significant amount of power, as the government endowed them to dictate which products and raw materials could be imported and how the items could be produced and sold. The guilds were also in charge of bringing new innovations to the marketplace. So, they had control over inventions, even if they did not create them themselves.

Ownership Rights

The Statute of Monopolies made it possible for inventors to retain the rights of their creations, and monopolies were no longer granted. The law also guaranteed that inventors would be given a 14-year period of exclusive rights to govern how their inventions were used. Then, in 1710, another piece of legislation, The Statute of Anne, came into being. This statute provided 14 years of protection for an inventor. It also allowed inventors to renew their protection for another 14 years. It is important to note that this statute focused on copyrights for authors so they could have power over the recreation and distribution of their work. It protected inventors and their innovations and creations as well.

Intellectual Property in the Colonies

Twelve of the original colonies established their own systems for protecting its citizens’ IP. The only colony to not participate was Delaware. It soon became evident that having individual systems for each state was not the best idea. This discovery lead to the creation of federal laws that had precedence over state laws.

Global Intellectual Property

In 1883, the Paris Convention was created. This international agreement provided protection to inventors so their innovations were safe, even if they were used in other countries. Then, in 1886, the Berne Convention was initiated to provide international protection of all forms of writing, including songs, drawings, operas, sculptures and paintings. In 1891, trademarks gained wider protection with the establishment of the Madrid Agreement. Eventually, the offices that were created by the Paris and Berne Conventions combined to create the United International Bureaux for the Protection of Intellectual Property, which eventually became the current-day World Intellectual Property Organization, an office of the United Nations.

History of Copyright Law

Formal copyright laws began in the United States in 1790 with the introduction of the federal copyright law. This law established a 14-year period in which inventors and other creators had eminent rights to their creations. If, at the end of that time, the holder of the copyright was still alive, those rights extended another 14 years. Over the following 200 years, additional time was added to extend the copyright period. Currently, copyrights last for the inventor’s lifetime, plus an additional 70 years. The scope of the copyright law has also expanded over time. The law currently covers photographs and musical recordings, as well as written materials.

History of Patents

During the 18th century, it started to become obvious that industrial inventions needed to be protected. This idea gave birth to patent laws. It took close to 100 years before patents began to be taken seriously. However, it was still difficult to be awarded a patent, as the decision was left mostly to the individual interpretations of patent officials and judges. By the mid-20th century, that changed, and there was a dramatic shift in favor of the inventors.

If you are interested in learning more about the history of intellectual property, contact us today.

Intellectual Property: What It Is and How to Protect It

When discussing the legal protections that any piece of creative property has, it’s crucial to understand intellectual property. What is it, exactly? What does it cover? What constitutes intellectual property theft?

And, perhaps most importantly, how can you protect and manage your intellectual property?

What Do Intellectual Property Rights Cover?

The World Intellectual Property Organization defines IP as “creations of the mind.” This includes literary works and other artistic works, including sound recordings and film. IP rights are divided between Industrial Property and Copyright. Industrial Property includes trademarks and geographical indications, as well as inventions, patents and trade secrets. Copyright protects literary, artistic, audio and architectural works.

So, what, exactly, does IP cover? Is it the thought behind the creative thing or the thing itself? In short, IP rights protect the exclusive right of the creator to reproductions, performances, broadcasting, translation and adaptation of their work.

What is Intellectual Property Theft?

Intellectual property theft – more concisely known as piracy – is a growing threat to businesses worldwide as technology advances and it becomes easier to access and steal information. The FBI has an article here on piracy and how they fight it. Theft of intellectual property occurs when someone steals another creator’s idea, innovation or product. The most common form of intellectual property theft is illegal downloading or copying of music, films and other recordings from the internet.

Intellectual property protections are in place not only to protect the jobs and hard work of creators, but also to encourage the dedication of resources to further innovation. Patents and trademarks help make innovation and creativity worthwhile.

Managing Your Intellectual Property

Managing and protecting your own intellectual property is important. Piracy can damage your ability to sell your goods both locally and abroad, not to mention the threat to the public if your invention is something that could impact their health and well-being. (For example, counterfeit versions of car pieces or electronic devices can be unsafe if they make it into consumers’ hands.)

Look into the proper protections for your specific creation. Get copyrights, get patents, protect trade secrets with nondisclosure agreements.

This is only a very brief overview of intellectual property rights – it’s a complicated area of law that is constantly expanding. Be sure to do your research and learn what is the best protection for your specialty!

10 Tips for Protecting Your IP

You probably put a lot of time — and money — into your company’s intellectual property, or IP. Once you have created IP, which can include everything from original patterns and pieces of art to the way you make your product or service, it’s important to protect it. IP even goes beyond your direct product or service — it also includes things that you create, such as logos and other marketing materials, and internal information that should remain solely with your business. All of these can be protected by a number of laws, such as patent, copyright, trade secret and trademark laws.

The success of your business depends on your ability to distinguish it from others. If your IP is stolen, keeping your unique individuality will be hard to do. There are a variety of strategies that are essential to protecting your intellectual property, so it’s important to look at the ones that make the most for your business.

10 Tips for Protecting Your IP:

1. Protect your intellectual property legally.

Start by identifying which products and aspects of your business can be protected. In this step, it’s a good idea to work with a legal professional to register patents, copyright and trademarks. This will assure that you can take legal action if something were to happen. You should file your patents as soon as possible to assure your place in line, since patents can take more than five years to be issued.

2. Choose patents carefully.

Not every great idea will be patentable. Note the patentable features are of your idea and be aware of any other similar work. Not only do you want to patent ideas that you think are important, you should also consider what may be important to other individuals and companies. Take these things into consideration when deciding what you should patent.

3. Create policies for employees.

Create a policy for your intellectual property that includes your patents, trademarks, designs, copyrights and domain names. Your employees should understand the IP policies of your company so they don’t violate them.

4. Form nondisclosure agreements.

Invest in well-written nondisclosure agreements to protect your intellectual property. These agreements should be written for your employees, sales contracts, licenses and client agreements. They will help protect your intellectual property right from the start of any of these relationships.

5. Make sure your employees choose passwords carefully.

You should have and enforce a strong password policy. Others should not be able to guess or hack your system. Request that employees use strong passwords that are difficult to guess and do not contain personal information.

6. Don’t let employees leave important documents out or open.

If you implement a clear desk screen policy, you’ll reduce the risk of sensitive documents falling into the wrong hands. You don’t want important documents to be accessed by those who should not have them. Encourage employees to clear their desks of documents and lock their computers every time they leave their desks.

7. Restrict employee access to certain files and documents.

Only give the minimum access that is required for each employee to be able to do his or her job. Restricting access to confidential files will keep them safer. Permissions should be dependent on the employee’s role and files that are only necessary to complete his or her work.

8. Make sure to cut this access and change passwords when an employee leaves.

When someone leaves your organization, make sure to disable access to sensitive information. If there are certain websites that they were able to log in to, make sure that these passwords are changed as well to prevent former employees from being able to log into these accounts after they have left.

9. Have a data loss prevention solution.

Put a data loss prevention solution in place. Users should not be able to send important and confidential data to external sources. It’s also a good idea to implement a system that tracks any prohibited data movement. This will allow you to address this breech with your employee that committed the violation and solve the problem. Employees should be aware of these restrictions when being hired.

10. Prosecute the intellectual property thieves.

If your intellectual property is stolen, prosecute the thieves. It is your right to pursue the offenders. Identify any breaches and protect your patents and trademarks.
If you want to protect your online business, you need to protect your intellectual property, as well. Keep your valuable documents and details protected, be mindful of who is using what information and make the security of your company’s one-of-a-kind products and services a priority, and you will be more successful as a whole.

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