Linda Wang is Founder of Cambrian Law Group (cambrianlaw.com). In this video she discusses preserving IP of your new company when leaving your current employer.
- Disclose details with your employer & ask for permission or waivers
- Never use code, trade secrets or IP from your company
So you have started your own company while you’re still employed at another company.
How do you preserve your intellectual property and how do you keep your intellectual property from what we call being contaminated by your employer’s IP?
Well, the first and most important thing is to be honest and straightforward with your employer. Ask for permission, ask for waivers and don’t ever lie and disclose as much as possible from the beginning so that you don’t get into hot water later on.
And the second one is, don’t ever use your company’s code, trade secret or any kind of intellectual property. That may sound commonsensical but you’d be surprised at how many people don’t want to do that.
So, in conclusion, you want to grow with your company without worrying about legal liabilities that you could have left behind with your former employer.