In this quick guide, we will provide a brief introduction to intellectual property and how it can be exploited by exporters to help them achieve better success in overseas markets.
Intellectual property (otherwise known as IP) is the name for resources that a business has which are valuable but do not have a physical basis (such as equipment or stockholding). These are sometimes also referred to as intangible assets.
What makes intellectual property or IP special is that it can be legally protected through intellectual property rights or IPRs. These include (but are not limited to):
IP within a business can also include things such as: client lists, research and development, business plans, financial information – and so on.
These can also be protected by use of confidentiality agreements and other types of contracts and agreements. Some businesses are more “IP rich” than others. However, every business operating in an international capacity needs to have a thoughtful approach to IP.
With intellectual property it can sometimes be difficult to know where to start. This information pack will let you know more, but as a general rule you should look to use the following process.
International trade brings to bear a host of intellectual property considerations at the point where a business begins to operate in overseas markets. Many of these issues are explored in further detail in this information pack under their respective headings.
Within the sections of this information pack, we will provide some examples of, in each type of intellectual property right, the IPR functions in practice within an international context. If you have any particular questions do not hesitate to get in touch with OBD or Virtuoso Legal, we would be happy to assist.
Virtuoso Legal are an intellectual property specialist law firm, established in 2007 and based in London and Leeds. Virtuoso Legal have dedicated experts who are able to assist across the spectrum of intellectual property, from registering, commercialising and enforcing IPRs.
www.virtuosolegal.com 0113 237 9900
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