Most businesses, often without even realising it, will have intellectual property they need to protect.
Failure to do so could result in your business name being taken advantage of or you infringing the rights of other businesses.
If you are worried about protecting your business intellectual property speak to the Worcestershire Business Central team today for guidance and support.
What is Intellectual Property?
Intellectual Property (IP) describes anything original created by your business, such as your brand name, logo, promotional material and website. They are vital to the growth and sustainability of your business and will often outweigh the value of your physical assets.
There are four main types of Business IP:
Patents – protect inventions, including how they work, what they are made of and how they are made
Designs – protect the look, colour, shape and feel of a product
Trade Marks – protect your business name, brand and logo and can include words, phrases or images
Copyright – protects written, musical and artistic works including photographs and databases
Protecting Your Business Intellectual Property
It is only right that your business will want to prevent others from copying or stealing the intellectual property you have worked hard to create and that’s why you need IP protection. Protecting it in the first place makes it easier to take legal action against anyone who tries to steal it. Some types of protection are automatic but others you will have to apply for.
If you’re not sure what Intellectual Property you need to protect or how to protect it speak to our team today and we will be able to provide you with a list of local IP Law experts.