An introduction to Intellectual Property Rights
Intellectual Property Rights (IP) are primarily made up of:
- Copyright.
- Trade Marks.
- Patents.
- Designs.
- Trade Secrets and Confidential Information.
They provide a monopoly right for your use and you may wish to licence third parties to commercially use your IP on agreed terms. Anyone using the IP rights without permission, or outside the terms of the licence, would be potentially infringing such rights, which would certainly allow you, the owner, to take legal action, seek an injunction and claim damages or an account of profits.
IP is a vast area touching on software, literature, music, images, inventions, pharmaceuticals, clothing designs, bespoke furniture – the list is endless. In fact, all around you is IP of some sort.
IP Advice
We can offer you expert advice relating to:
- Protecting and enhancing your IP, which might mean registration.
- Commercialising your IP by creating and advising on Licence Agreements as well as franchise, joint venture and collaboration agreements.
- Disputes concerning your IP, whether to do with ownership, infringement or royalty disputes.
- Auditing your IP to identify its value and any risks.
Given these points don’t underestimate the value of the IP you create, whether it is a logo/brand name or an invention or a design feature. As a matter of fact, Intellectual Property is an essential part of the value and goodwill of your business. For that reason, you need to protect it and ensure that others respect your ownership.
For Clear, Precise Intellectual Property Advice, speak with one of our Commercial team on 01772 555 176 or email webenquiries@vslaw.co.uk
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I have been using Michael for commercial legal work for 20+ years. He has been a true asset to my business, dealing with many issues during that time.
Supportive and Responsive
I found Michael supportive throughout the process of selling my small business. I particularly appreciated how promptly he replied to any queries I had. I felt completely confident in the advice he gave me and want to thank him and his team for all their assistance.
Share Sale
Our share sale was protracted and changed each time a buyer dropped out and another took interest.
At no point did Michael fail to attend promptly to our requests and we thank him for his professionalism to the end.