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How to protect your intellectual property

As a business owner, you probably have concerns about safeguarding your valuable intellectual property. After all, this information is what makes your company a verifiable success and if it fell into the hands of competitors you could be looking at lost profits. Forbes offers the following tips on protecting sensitive company information, which will ensure continued growth and success.

Vet New Employees

While it should go without saying, only hire those people you can trust to work for your company. You can do so by properly vetting your employees and only hiring those with clean backgrounds and work histories. The same process should be utilized when promoting employees. Make sure your employees are responsible enough to handle sensitive company data without having to worry about any breaches.

Limit Access to Data

In addition to the above, you can ensure that intellectual property is secure by limiting access to it. It’s not necessary for all employees to have access to all areas of your business, so provide things like passwords on a need-to-know basis. Also, make sure passwords are strong and changed regularly to prevent them from being breached. 

Have Access to Solid Legal Assistance

You’ll also want to retain access to a seasoned legal team in the event a breach occurs. Even if you take all of the above steps to protect your property, the wrong person could still come across it and attempt to use it for their own benefit. In this case, legal help is crucial- as trials involving intellectual property infringement claims are often quite long and complex. The right legal assistance will help to promote your case in the best possible light. 

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