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How to Protect a Business Idea

How to Protect a Business Idea
Contributor
By Nicole LaMarco
eHow Contributing Writer
(1 Ratings)

Business ideas are great when you are ready to form your own business and become an entrepreneur. It can also be overwhelming and scary. What if someone tries to steal your business idea? What if someone uses your business idea and succeeds with it? What can you do to protect your business ideas? You can feel quite vulnerable in the first stages of building your business, and your business idea is the core of your business. It is the most important part of your business. Read on to learn how to protect a business idea.

Difficulty: Easy
Instructions

Things You'll Need:

  • Confidentiality agreement
  • Lawyer
  1. Step 1

    Get protection. If your business idea is completely unique you need to get legal protection so that if it does get stolen you have proof that will stand up in court that you are the sole creator of that business idea. Visit your local patent and trademark office or check it out online. Getting your business idea patented or trademarked is the best way to protect your idea.

  2. Step 2

    Keep quiet. You might be excited about your business idea and want to tell someone, but the easiest way to protect your business idea is to keep it a secret for as long as you can. Don't tell people about your business idea. Your family members, co-workers, and friends might seem innocent, but they can easily steal your business idea and use it.

  3. Step 3

    Get a signature. Now, there will be periods where your business idea has to be outed. This is where you need a non-disclosure agreement. The agreement will state that the person who signs it agrees to keep everything to themselves. This could be a builder, a writer or a business partner. Get that signature before you discuss anything.

Tips & Warnings
  • Get a lawyer to help with your questions and concerns.
  • Don't trust anyone with your business idea.
Photo Credit

http://www.lclark.edu/faculty/jsmiller/objects/idea_bulb.jpg

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