How to Protect the Intellectual Property for your Startup
By siliconindia
Trade Secret
A company can protect its confidential information, by a non-compete and non-disclosure act, which means that the employees cannot work with competitor companies or disclose any information to outsiders. It helps to protect any particular process, design, or information, which is giving the company an edge over its competitors. People tend to jump companies very often, and it risks all the information used to train them at a risk of being out in the world. There have been cases of people who have been laid-off using the information they gathered in the previous organization in order to defame the company in a fit of rage. Hence, more and more companies have come up with the trade secret agreement in order to prevent misuse of their vital information.