Intellectual Property and Outsourcing
Being worried about your intellectual property while outsourcing your project makes a lot of sense. After all, this is what you are paying to get developed, right?Â So letâ€™s first understand what exactly IP covers:Â
- Patents i.e. Inventions registered with government which will prevent anyone else from manufacturing or marketing itÂ
- Trademarks i.e. Name, Phrase, Sounds and Symbols which distinguishes your product and servicesÂ
- Copyrights i.e. Expressions of ideas but not the idea itselfÂ
- Trade Secret i.e. Any formula, pattern, device or compilation of data that givesÂ your companyÂ an advantage over competitors is a trade secretÂ
Letâ€™s examine how your intellectual property can come under attack:
Employees who is working on your project might not stay with the company forever. OnceÂ they areÂ gone,Â they can sell theÂ property or use (read as “reuse”) it in the next organization.
The vendor may themselves feel welcomed to use the work for their own benefit i.e. launches a competing product at lower price.
Act of TheftÂ
AÂ hack or theft of vendorâ€™s servers or storage devices may make everything availableÂ to the entire world.
How do we protect your IP?
1. Signed Agreement with your organizationÂ
We sign an agreement with your organization that grants you full, exclusive and irrevocable rights to the IP. This agreement is only subject to one clause i.e. there should not be any outstanding money against your account.
2. Signed Agreement with EmployeesÂ
Each employeeÂ at Indus signs an agreement which basicallyÂ ensures that any work product at Indus cannot be used outside our organization. In case of a breach of such agreement, we can proceed immediately with legal action.
3. Secured InfrastructureÂ
Indus employs fulltime in-house system administrators who ensure that our staging servers both in USA and India are monitored 24/7 for its usage. The servers are also physically secured.Â Â
Thus, go ahead and outsource in peace!
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