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You’ve just created a new product that’s going to change the world. How can you keep it from being stolen?

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You’ve just created a new product that’s going to change the world. How can you keep it from being stolen? You’ve spent months or years developing your idea, testing it, and refining it. You’re ready to launch it to the market and make a difference. But how can you protect your intellectual property from copycats, competitors, and thieves? Here are some tips to help you safeguard your innovation and prevent it from being stolen.

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Sudha Ashwini

7X LinkedIn Top voice | HR Strategist | Talent Acquisition | Data Engineering Hiring | Ex- Agoda | Ex- Amazon

1 Register your IP

The first step to protect your product is to register your intellectual property (IP) rights. IP includes patents, trademarks, copyrights, and trade secrets. Depending on the nature of your product, you may need one or more of these forms of IP to claim ownership and prevent others from using it without your permission. You should consult a lawyer or an IP expert to help you with the registration process and the requirements in your jurisdiction.

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Sudha Ashwini

7X LinkedIn Top voice | HR Strategist | Talent Acquisition | Data Engineering Hiring | Ex- Agoda | Ex- Amazon
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To safeguard your groundbreaking product from theft, it's essential to implement robust intellectual property (IP) protection strategies. Start by obtaining patents, trademarks, or copyrights to legally establish ownership and prevent unauthorized duplication or use. Implement strict confidentiality measures within your organization and with external partners to safeguard sensitive information related to the product's design, manufacturing processes, and marketing strategies. Additionally, consider implementing digital security measures such as encryption and access controls to protect digital assets and proprietary data.

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Munyaradzi Chikwanha

Human Resources Assistant @ Lorimak Africa | Talent Mapping, Research Support
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Intellectual Property Rights: Apply for patents to protect your invention. Register trademarks for your brand names, logos, and slogans. Use copyright laws to protect your original works of authorship, including software, literature, and art. Non-Disclosure Agreements (NDAs): Use NDAs when discussing your product or business with potential partners, investors, employees, and contractors. This legally binds them to keep your information confidential. Trade Secrets: Keep certain aspects of your product or process secret. Make sure only a few trusted individuals have access to this information.

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???????????????????? Oliveira??

Marketing, PR and International Communication Consultant | Top Voice Marketing | Speaker ??| Branding | Business Strategy ★ B2B ★ B2C ★B2G ★ H2H ★ O2O ★ Growth Hacking | Training Team | AI Researcher Enthusiast. ??????
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1. Patents: Register patents to legally prevent others from manufacturing, using, or selling your invention without permission. 2. Copyrights: For software and creative content, register copyrights to protect the expression of ideas, not the ideas themselves. 3. Trademarks: Protect your brand name, logo, and other identifiers to avoid market confusion and misuse. 4. Trade Secrets: Keep crucial aspects of your product or process secret, effective for unique production methods or recipes. 5. NDA Contracts: Require business partners, employees, and others to sign NDAs to safeguard sensitive information. 6. Security Measures: Implement strong physical and cybersecurity measures to protect intellectual property and related data.

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2 Use NDAs and contracts

The second step to protect your product is to use non-disclosure agreements (NDAs) and contracts when you share your idea with anyone. NDAs are legal documents that bind the parties to keep the information confidential and not to disclose it to others. Contracts are legal agreements that define the terms and conditions of the collaboration, such as the ownership, the scope, the duration, and the compensation. You should use NDAs and contracts when you work with partners, investors, suppliers, employees, or consultants.

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3 Encrypt your data

The third step to protect your product is to encrypt your data and files. Encryption is a process that converts your data into a code that can only be accessed with a key or a password. Encryption helps you secure your data from unauthorized access, hacking, or theft. You should encrypt your data and files when you store them on your devices, cloud services, or external drives. You should also use encryption when you send or receive data over the internet or other networks.

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Juan Guillermo Canós Escámez

Técnico de Soporte Técnico N2 |Administrador de Sistemas | Ethical Hacking and Forensics | Top 2% TryHackMe | Pentesting | Sophos | Active Directory LPDA | Oracle | Azure | Linux | SCRUM | SIEM | OSINT |
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Para proteger la tecnología única de mi producto, implementaría una combinación de medidas de ciberseguridad. Esto incluiría el uso de encriptación robusta para proteger los datos sensibles, la implementación de sistemas de autenticación multifactorial para controlar el acceso a recursos críticos, y el despliegue de firewalls y sistemas de detección de intrusiones para salvaguardar contra amenazas externas. Además, establecería políticas estrictas de gestión de acceso y privilegios, así como la realización regular de auditorías de seguridad para identificar y remediar posibles vulnerabilidades. Esta estrategia me ayudaría a garantizar la protección continua de la propiedad intelectual de mi producto contra posibles actores externos.

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4 Monitor your market

The fourth step to protect your product is to monitor your market and your competitors. Monitoring is a process that involves researching, analyzing, and tracking the trends, opportunities, and threats in your industry. Monitoring helps you identify any potential or actual infringements of your IP rights, such as counterfeits, imitations, or violations. You should monitor your market and your competitors regularly and report any suspicious activities to the relevant authorities or agencies.

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5 Enforce your rights

The fifth step to protect your product is to enforce your rights and take action against any infringers. Enforcing your rights is a process that involves pursuing legal remedies, such as injunctions, damages, or settlements, to stop the infringement and compensate for the losses. Enforcing your rights helps you deter future infringements and maintain your reputation and credibility. You should enforce your rights promptly and effectively when you discover any infringement of your IP rights.

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6 Educate yourself and others

The sixth step to protect your product is to educate yourself and others about the importance and value of IP protection. Educating yourself and others is a process that involves learning, sharing, and promoting the best practices, benefits, and challenges of IP protection. Educating yourself and others helps you raise awareness and appreciation of your product and your innovation. You should educate yourself and others constantly and consistently about the IP protection issues and strategies.

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7 Here’s what else to consider

This is a space to share examples, stories, or insights that don’t fit into any of the previous sections. What else would you like to add?

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Carolyn Parry

?? I coach capable but frustrated and stuck professionals to create fulfilling and purposeful careers they love so they can fly. ?Award-winning Career & Life Coach | Author | Writer | TEDx | FRSA, FHEA, FCDI, RCDP | NED
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If your product can be protected, the most important thing you must avoid doing it sharing details of it with anyone other than your expert and reliable legal advisers. Also, make sure you have a properly drawn up water tight non-disclosure agreement which parties need to sign where you do need to share some commercial elements so your work is protected. A really simple way to prove your copyright early on is to send the necessary information to yourself or a solicitor in a sealed and dated envelope which is kept safely and unopened until it is needed.

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You’ve just created a new product that’s going to change the world. How can you keep it from being stolen?

1

2

3

4

5

6

7

1 Register your IP

2 Use NDAs and contracts

3 Encrypt your data

4 Monitor your market

5 Enforce your rights

6 Educate yourself and others

7 Here’s what else to consider

Career Development

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You’ve just created a new product that’s going to change the world. How can you keep it from being stolen?

1

2

3

4

5

6

7

1 Register your IP

2 Use NDAs and contracts

3 Encrypt your data

4 Monitor your market

5 Enforce your rights

6 Educate yourself and others

7 Here’s what else to consider

Career Development

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