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Contracts for Your Business: A straightforward guide to contracts and legal agreements by Charles Boundy

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Chapter 7. Innovation & Technology Issues

7.1 Managing the knowledge business

Every business is a knowledge business, and the main asset of a small business is likely to be in the heads of the people running it. This largely consists of who they know, all-important in finding the suppliers or customers necessary to develop the business, and what they know. However, what goes around comes around, and every successful business will spawn its own competitors – and potential successors.

Building a successful business therefore involves both innovating and seeking to protect that innovation appropriately.

This chapter concentrates on identifying how innovation and technology can be legally protected and the next chapter looks at how contracts ...

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