I see two issues being discussed- 1. How to remove stripped screws. 2. How to prevent screws from stripping.
There are several methods for removing stripped screws. I've worked on other peoples knives after they have stripped the screws and have used a few of these methods. First, you have to assume that the screw is "loctited" in place. As others have mentioned, heat is an effective way of loosening loctite. I use a soldering iron like Spinny described earlier.
The method I use to remove any particular screw is determined by the type of screw, and how deeply is is set in the knife. On some occasions, when an allen socket screw was stripped I was able to loosen it by forcing a torx or flat head driver bit into the socket hole, and pushing in hard while turning.
If that doesn't work, there are tools specifically designed for removing stripped screws (EZ-OUTS) that work in a power drill.
If the screw is a button head, and if the head is above the rest of the knife, I will sometimes cut a slot across the head with a needle file so I can turn it with a flat head driver.
Another trick for removing stripped screws is, instead of trying to turn the screw itself, you remove all the other screws in the knife and then turn the various layers of the knife (liners, handles). Basically the layers of the knife act as a sort of "friction wrench". Sometimes this works, sometimes not.
As far as avoiding stripping screws, like mentioned earlier- apply heat, and use a quality driver bit. I NEVER touch the screw of a knife installed at the factory without first applying heat.I always assume there is loctite. Taking a moment to pull out the soldering iron and applying a minute of heat is a lot less trouble than dealing with a stripped screw. An ounce of prevention...
Besides knives, I've been working on motorcycles for 30 years, and a torch is an essential piece of equipment for loosening/removing seized bolts.