Ways of protecting business ideas and secrets

  1. Registration of business names in a country’s registry office

This helps customers to know who they are buying their products from and prevent unethical market players.

  1. Exercising provisions offered to intellectual property ownership like patents, copyrights, trademarks, etc which ensures competitors and other players in the market do not benefit from entrepreneurs innovation
  2. By pointing out a specific agent and outlets on contract and franchise only. This ensures that any other person operating a business that surrounds that particular business idea is doing so without the authority of the entrepreneur and therefore does not act on behalf of the entrepreneur.
  3. Registering features of the business and its product with the relevant government registry – this avoids duplication and ensures customers to know exactly the products that should be
  4. Having employees sign a code of conduct and confidentiality restraining them from diverging business secrets.

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