We use intellectual asset for a variety of purposes. We also go to great lengths to protect client intellectual assets from predators.
It is possible for a company to get sued out of existence but lose no money and start up again the very next day under the same name using the same assets & intellectual property. But you can’t wait until you get sued.
The Act that made it all possible.
“Today, President Obama signed the Defend Trade Secrets Act of 2016 (“DTSA”) into law, bringing trade secrets alongside trademarks, copyrights and patents as intellectual property rights protected under federal law.” May 23, 2016.
That’s probably the best thing Obama did.