In today’s ever increasing competitive business environment, Intellectual Property (IP) could be key to developing a sustainable business and staying one step ahead of your competitors.
Most people think of IP rights exclusively as patents however, they also include brand names, photographs, music, software, paintings and other creations of the mind. These are becoming increasingly highly sought after so, the collective value of the associated Intellectual Property has never been greater.
Three of the key aspects to consider in your business are :
Patents – These are legal documents describing a technical invention in detail. Under the duration of the patent, the owner has the ability to prevent anyone else from using the invention.
Copyright – This gives legal protection for original works and includes sound recordings and films, it also covers software.
Registered Trademark – A trademark is the legal basis for the development of brand identity and can therefore play a key part in the development and recognition of a business.
As well as IP enabling you to carve out a competitive position for your company, it is also valued highly by investors, and may aid you if you are seeking to raise finance.
Contact Rob Siderfin, Tom Stendall or Nick Elliott on 01623 468 468 to discuss how your business could benefit from the registration of Intellectual Property.
Source: news.bbc.co.uk