Protecting confidential information from getting into the hands of competitors is a top priority for companies. Intellectual property law provides several important tools for protecting a business’ intellectual property: copyrighting, trademarking and patenting. Each of these protections has a very particular use.
In our last post, we began looking at the importance of business succession planning, especially for family owned businesses. A great many family businesses end up being passed on to individuals outside the family. As we noted, this isn’t always a bad thing—in some cases children don’t have the talent or interest in carrying on the business. In other cases, it happens because of inadequate planning.