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Technology is a huge area of growth, and the digital age has made it easy for even the smallest start-up to reach customers all over the world. As your business grows, legal assistance should be high on your agenda. We’ve rounded up three key areas you need to consider, to ensure that your company remains up to date with current legislation.
Protecting your intellectual property is important, and you should consider whether patents or trademarks are required for any products that you are creating. Creator ownership, or knowing exactly who an idea belongs to, can be a potential minefield. If an employee has been responsible for creating something that you want to maintain the rights for, you need to ensure that you establish the necessary written agreements. Generally the rights over intellectual property will belong to the individual who created it, rather than the company they were working for at the time. There have even been instances of an employee leaving a firm, and then going on to use their idea to become a direct competitor. Avoid this risk by obtaining the correct legal documentation to confirm exactly who all intellectual property belongs to.