Tag: Intangible Assets

Black Hats and White Hats: Create a Culture of Confidentiality

(Part Nine in a Series) Do you expect others to secure your secrets, protect your patents, and guard your goodwill?  Then respect the intangible assets of others. Even if you have implemented sound policies and procedures to protect your intangible assets, your policies will fail if you do not have buy-in from your employees.  You can …

Black Hats and White Hats: One Size Does Not Fit All

(Part Four is a Series) Clothing stores have for years perpetrated the lie that, for at least some types of garments, one size fits all.  Look around at the people you know, and you will agree the “one-size-fits-all” proposition is laughable. People come in many different sizes and proportions:  tall and short, lean and plump, …

Black Hats and White Hats: Narrow Restrictions

(Part Three in a Series) Although the color of your hat depends on the cumulative effect of your actions, one of the surest indicators of its color is the scope of any restrictive covenants you have with your employees. White Hats have narrowly drafted restrictions, closely tailored to their legitimate business interests; Black Hats seek expansive restrictions.  White Hats …

Black Hats and White Hats: Cumulative Effect

(Part Two in a Series) If push comes to shove and you are forced to file suit to protect your intangible assets, be sure that you are Wearing a White Hat.* No one thing determines whether you are wearing a black hat or a white hat.  The color of your hat depends on the cumulative effect of …

Black Hats and White Hats: Wear a White Hat

(Part One in a Series) Watch an old time black and white Western, and you’ll quickly discern the “good guys” from the “bad guys.” The “good guys” invariably wear white hats while, for some unexplained reason, the “bad guys” feel compelled to wear black hats.  When a new character comes on the screen, the color of his hat …

The Least Restrictive Means Possible

A recent study in The Economist notes that intangible assets make up 75 percent or more of the value of publicly traded companies. That number is likely higher for many small businesses, which often have very few assets other than their ideas, strategies, and relationships. That news should both invigorate and scare you. On the …

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