Business Starting Grants

How do you stop others from stealing your business ideas?

Sometimes in order to start a certain business which is a new concept, you often need to take strangers into your confidence. How do you prevent those strangers from stealing your new business concept? In other words, we want to sell something in certain shops and pay the shop owners a percentage for keeping our stock in their shops. How do we prevent the shop owner from turning us down after hearing our brilliant idea and making and selling the same product in their shop?

Public Comments

1. if I were you i would make them sign a confidentiality contract which basically says that anything you tell them must be kept confidential and if they don't do this after they sign the contract then you can take them to court for breach of contract
2. Contract can help you only, when it comes to the worst. To prevent shop owners from using your business idea maybe some kind of monetary incentive or bonus will win their loyalty to you. Though still an agreement for a specific period of time should be done - who knows how often or when the management/owners/situation may change.