While it’s super important to protect your ideas, collaboration is what often drives innovation. The challenge lies in finding the balance between sharing enough to grow while safeguarding your intellectual property.
Let’s say you’re partnering with another company on a project. Clearly defining the boundaries of the collaboration and outlining ownership rights from the outset can prevent disputes later. Open communication and clearly written agreements create a foundation of trust without putting your business at risk.
Being cautious is not being closed off. It’s being deliberate and thoughtful in how and when you share your ideas.
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