While things like patents and trademarks can help you protect certain aspects of your business, trade secrets cannot be registered for protection. That means it's up to you, the business owner, to determine how to safeguard valuable information and prevent it from falling into the wrong hands. The U.S. Small Business Administration explains the necessary steps to protect your business.
In which countries do you want your invention patented?
Protecting your intellectual property is of utmost importance when you have inventions you want to bring to market. Whether you keep your work quiet during the development stage or publicly build anticipation, you would be wise to protect your rights before someone else tries to lay claim to your ideas.
Common counterfeit products
Most people are aware of counterfeit money and fake handbags, but there are numerous other counterfeit items that result in high cost to the global economy. If you have an idea of common types of products that are counterfeit, you may learn to have a more discerning eye the next time you shop.
