Have you ever considered your need to protect your intellectual property? Have you considered how many people are exposed to your IP during the building process? Few people can afford to build something from scratch – even the corporate media giants need to outsource some of their production.
The downside to this, of course, is that it means entrusting part of your technology, IP and designs to other firms. While most of the time this is harmless, it only takes one business to take advantage of all your hard work.
From a corporate perspective, some protection is definitely needed.
As a business, the chances are you’ve probably used escrow in a financial fashion and as someone with an interest in technology, you may even be aware of the software protection escrow offers.
Yet, have you considered technology escrow?
This is something Escrow Associates can provide and it works in a similar fashion. This allows the safe storage of your trade secrets and ensures only those limited few who ever need to know are given access.
The other end:
This all well and good for those who own the IP, but what about the people they work with? Fortunately, escrow is far from a one-way advantage and it spells a lot of benefits for users as well as owners.
For instance, it shows the company is serious about working with you, offers protection on both sides and generally ensures an extra level of security around the rather sensitive parts of these operations.
What can I protect?
Finally, while technology escrow sounds very, very useful, some people don’t always understand the full concept of what intellectual properties can be stored. This is especially true for first-time inventors, individuals and entrepreneurs, as they don’t have the corporate backing and experience of large technology giants.
Many things can be stored, including designs, formulas, manufacturing processes and anything else that is essentially exclusive and unique to you. In other words, if it would be disastrous for you if someone got hold of it and made their own profit, then you should consider this option.
In short, technology escrow is like any other escrow service – it’s simple, effective, quick to implement and delivers results in both the short-term and long-term. When all important data or designs are on the line, it’s an extra layer of security that is hard to argue against.