Protecting Your Business Ideas

Quite a few online forums, such as Minnesota-based NewIdeaTrade.com (http://www.newideatrade.com), California-based Pl-x. The traditional transfer of intellectual property is complex, expensive, and may take up to a year. However, these online forums simplify and accelerate the procedure for transfer of new ideas.

The web currently reaches more than 560 million consumers around the globe.

8 billion by 2004.

Official copyright registration and patent rights can be obtained from proper authorities. A directory of Patent and Copyright Offices around the globe can be found in http://www.newideatrade.com/government_patent_copyright_offices.htm. When a possible buyer contacts the seller to learn more regarding the intellectual property, the seller must require the purchaser to register a non-disclosure arrangement before revealing the particulars.

So to prevent that you offer guarantees, secure payment procedures, prompt customer service, and much more. You do whatever it takes to show each customer that you’re sincere and trustworthy.

However, what steps do you take to protect yourself and your livelihood?Too many small business owners spend all their time worrying about their customers’ security without thinking about their own, though small companies must often deal with customer fraud, non-paying customers, and much more.

As you’ve taken steps to make sure your clients are happy with their buying experience, so should you feel comfortable and secure by taking a few precautions of your own.

Buy Everything in WritingWritten contracts aren’t just for helping customers understand what they can expect to get for their cash they are about laying down the ground rules for the business relationship.

Both parties can be assured that their interests are being protected and both should have a clear comprehension of their rights and duties in case something goes awry.

A fantastic example is if you sold a toy which a parent returned six months later because it had been broken. Without a contract in writing specifying the time limits and conditions of your return policy, you could get an ongoing battle wit the customer that could result in lost business and even lawsuits.

Written contracts also don’t have to be made by lawyers. You can write everything out yourself in ordinary, easy to comprehend language. When you and the customer sign it, then it becomes a legal and binding agreement. It is really that easy.

Do not Be NaiveSo many men and women in business get burned by their customers simply since they’re too trusting. By way of instance, a number of you might have shipped products before the customers’ payments cleared. Or you might have completed agreed upon work without asking for a deposit.

You can protect yourself by always asking for a partial payment beforehand and by always waiting until a customer’s payment has cleared before you ship their goods.

Know Your regional LawsOne of the most effective methods to protect you is by becoming informed. When you understand your legal rights, then you will get a better knowledge of the way to effectively take care of troublesome customers.

By way of instance, some countries do not let you restrict a customer’s right to return a product beyond a certain time limit, so you might not legally have the ability to enforce a guarantee of just 1 week. On the flip side, if you understand your rights, then you will also understand what steps to take in case legal action on your part is essential.

As an example, you might choose to send a certified letter demanding payment before you file a lawsuit.

The main point is that you deserve to be protected just as much as your clients. A couple of advance precautions now can make certain you are going to have a long and satisfying business relationship with your clients.

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