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5 Ways To Protect Your Idea From Theft

YoungUpstarts

Non-Disclosure Agreements – A non-disclosure agreement helps to protect your idea by committing all the parties you are working with to confidentiality. Non-compete agreement – If you’re pitching an idea to a potential client or investor, have them sign a non-compete agreement.

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Startup Survival Guide: Mitigating Legal Risks and Criminal Challenges

The Startup Magazine

There are various strategies you can employ to mitigate this risk, such as obtaining patents or trademarks, implementing trade secret protection measures, and using non-disclosure agreements with employees and contractors. It’s also imperative to conduct regular audits of your IP assets and keep them up-to-date.