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Intellectual Property Policy

Author: Theresa Rogers

When to Use

Because the loss of intellectual property costs employers billions each year and could devastate a small employer, implementing a written policy protecting intellectual property is extremely important. A comprehensive intellectual property policy gives employees a clear view of what the employer considers intellectual property and the consequences of policy violation, even if the loss of intellectual property is accidental.

Providing this policy to new hires immediately upon employment is the best practice for protecting intellectual property. A copy of the policy signed by both the employee and an employer representative should remain in the employee personnel file as documentation that the employee received and understands it. Employees should also receive periodic training regarding intellectual property protection throughout their employment.

This policy should also be required of contractors, trading partners and temporary staff.

Customizable Policy