Getting Started With Intellectual Property

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If you look at the books of large businesses these days you will discover that their intellectual property (IP) adds an enormous amount of money to the balance sheet. In fact most companies fixed assets are infinitesimal in comparison to the brand and IP value. This tells us something very interesting – yes – how much more would your business be worth if you invested more in intellectual property identification and registration?

When a company strategically identifies, maintains and secures its intellectual property (IP) rights then this can obviously have a major impact on the company in terms of its overall operation, including its ability to appeal to investors, enter into particular business partnership, and ultimately increase its value when it comes to sale or business merger.

Large businesses who have mega-brands like McDonalds and Coca Cola are often quoted when it comes to their brand value as out-valuing their fixed assets hundreds of times, yet it is easy to forget how these businesses also became so huge.

We live in an information world now. Information businesses like Google can be valued at a few billion dollars a few years after creation only because information is now so valuable. Information is a tradable asset only when it is protected by intellectual property (IP) laws and other laws. Every company, big or small should take intellectual property (IP) seriously. It is one of the best investments literally you can make with a company if the intellectual property value is capitalized within the business and added to the balance sheet.

It is highly recommended for businesses of all sizes to be aware of IP issues and produce special schemes that will pro-actively ensure that their IP will at all times be properly legally protected.

Here are a few areas to help you start concentrating on by first identifying the areas that you are creating intellectual property (IP) in:

1. Trademarks – these protect parts of your overall brand such as slogans, images, names.

2. Copyrights – these cover the protection of expressive items such as documents, books, images, videos, audio recordings etc.

3. Trade secrets – these protect proprietary information, internal know-how, systems and processes that are deemed to give you a business competitive edge

4. Patents and industrial designs which protect particular types of ideas and inventions and processes

Considering the above items the first step that you need to do is identifying existing intellectual property within your company. You may be amazed by how much you may have. Once all sources of a company’s intellectual property (IP) have been identified, processes should be put in place that enable the company to easily keep track of all existing IP and all new intellectual property (IP) . Then someone needs to be given the responsibility to manage the IP.

Once the key intellectual property has been identified then the next step is to look at what should be registered to protect it legally. This is where a great patent lawyer comes in to play. Good intellectual property (IP) attorneys don’t come cheap but seeing the value that is created then it pays off to invest for all your major intellectual property.

Discover more about trademark registration Singapore and learn more about the advantages of having an accomplishedIPlawyers.. Unique version for reprint here: Getting Started With Intellectual Property.

categories: Intellectual property,IP law,copyright,IP lawyer,trademarks,patents,ideas protection,business idea protection,protecting business ideas

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Tags: business idea protection, copyright, ideas protection, Intellectual property, IP law, IP lawyer, Legal, patents, protecting business ideas, trademarks

Article Citation
MLA Style Citation:
Roberts, Edmund "Getting Started With Intellectual Property." Getting Started With Intellectual Property. 29 Dec. 2009. uberarticles.com. 9 Apr 2012 <http://uberarticles.com/legal/increase-your-business-value-using-ip/>.

APA Style Citation:
Roberts, E (2009, December 29). Getting Started With Intellectual Property. Retrieved April 9, 2012, from http://uberarticles.com/legal/increase-your-business-value-using-ip/

Chicago Style Citation:
Roberts, Edmund "Getting Started With Intellectual Property" uberarticles.com. http://uberarticles.com/legal/increase-your-business-value-using-ip/

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