Intellectual property is often worth more to a business than its tangible assets. Consisting of business strategies, images, concepts, and ideas, lawful protection of intellectual property predates the U.S. Constitution. Now protected by patents, trademarks, copyrights, and trade secrets, businesses must take the appropriate steps to ensure that their intellectual property is kept safe from competing businesses, defecting partners, and even employees. Becoming informed about the available legal tools can mean the difference between success and failure.

Confidentiality agreements and non-compete covenants are most often entered into between employers and employees or business partners. Enforceability of these contracts varies among the states, so if you are considering utilizing either, it is recommended that you contact an attorney in your local jurisdiction.