There are various legal agreements which needs or can be drafted for protection of Intellectual Property in business interactions and within company.
There are certain loopholes once various patents, trademarks and copyright have been drafted like there can be various secrets which can be confidential of the material which has been legally addressed, so for those cases this would help company after all as employees in a company would stop selling these secrets to competitors. Documents can be framed by a legal representative here and he/she would be responsible for all the amendments in the document.
Signing of these documents by employees of the company is made mandatory so that would surely help in ensuring the company that all the secrets and confidential data remains within company.
Various Agreements include
1. Non-Disclosure Agreement (NDA)
2. Trade Secrets, Trademarks and Contractual Agreements
NDA are by far most popular type of agreement documentation used in any company which are to be signed by the employees of the company so that they would not sell company’s secrets (e.g, trade secrets) and any confidential process when company is filing any patent or copyright.
Infringement of these documentation-
Employees of the company are liable for any damages (economic or financial) company has sustained when employers without any authorization disclosed any of these secrets, confidential material to public.
For business ventures agreement made are usually contractual based therefore a legal practitioner who has expertise in contract based legal issues can help in these events
Legal agreements are a huge necessity for any company (public, private, OPC) to follow.