Can they steal my idea?

Working with a freelancer or service providing company or any other external party can make you worry. What if they steal my idea? What if they copy what I do? Ideally you would have IP Rights registered which provide the maximum protection.

We briefly discuss the difference between these IP Rights:

  • Trade Mark
  • Patent
  • Registered Design
  • Copyright

Registering such IP Rights could be costly and time consuming and might not be a viable option at the time, especially for the start-up Entrepreneur.

So what do I do?

As a minimum, have your freelancer or service providing company representative sign a Non Disclosure Agreement (NDA). An NDA is a legally binding document between the two signing parties. By signing the NDA, the external party acknowledges that you brought the idea/method/system etc. to the table and that all information provided shall be treated as confidential and secret.

You can download a free Basic NDA!

If you require assistance with a specialised NDA, feel free to get in touch with us.

Royalty Free Music Recognition:

Artist: Topher Mohr and Alex Elena
Song: Monks
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