Valid and enforceable contracts are considered as one of the most significant parts of any intellectual property agreement as the provision of binding contract disregards all kinds of misconducts in deal provision. When utilizing intellectual property within an organization, the owner may explore advantages of various legal agreements including a nondisclosure contract and various other significant documents. Some of these contracts typically come with built-in lawful protection including trademarks once the applications for the registration has been fulfilled and accepted (Buchanan & Wilson, 2014). Also, engaging in legal contracts for intellectual property is likely to provide a comfortable experience or is expected to entail complications relying on how many workers, the strategic factors of the intellectual property and if a lawyer has been hired to provide legal assistance with the situation. Some of these contracts include business secrets, trademarks and contractual agreements.
Buchanan, J. A., & Wilson, B. J. (2014). An experiment on protecting intellectual property. Experimental Economics, 17(4), 691-716.