Small business owners have a lot of intangible assets: photos, copies of the website, sales brochures, and so on. These are all considered “intellectual property” – you own the copyright to anything you create for the company itself.
But what if you hire someone from outside the company to do something for you, such as sales copy or web design to make? Who owns it? And what if you discover that your intellectual property has been stolen?
There are two forms of every entrepreneur should know: Work For Hire Agreement and Cease and desist letter. [...]