One of the major fears founders or entrepreneurs have is the fear of their idea being stolen by investors they go to pitch to.and it’s a very valid one.
Here are some ways you could protect your idea while it is still being nurtured.
1. Patent
A patent simply means the exclusive right granted by a government to an inventor to manufacture, use, or sell an invention for a certain number of years.
It gives you the right to stop others from copying, manufacturing, selling or importing your invention without your permission.
Once you have a patent on your products it’s safer to openly show it to potential investors as you have legal rights over them.
2. Non-disclosure and non-compete
A Non-disclosure agreement is also referred to as a confidentiality agreement. It is a legally binding contract in which a person or business promises to treat specific information as a trade secret and promises not to disclose the secret to others without proper authorization.
It is important to get investors that you want to pitch to to sign an NDA to protect your idea from being stolen.
