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In today’s information-based economy your organisation’s intellectual property may be your most prized asset. Consideration of the protection, control and exploitation of ideas, innovation, technology, know-how and brands is of critical importance.

What is Intellectual Property?

The World Intellectual Property Organization (WIPO) state that Intellectual Property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs and symbols, and names used in industry and commerce. If you are self-employed, you usually own the intellectual property even if your work was commissioned by someone else, unless your contract with them says otherwise.

Ways to protect your IP

IP can be protected in law by patents, copyrights, and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. Protecting your intellectual property makes it easier to take legal action against anyone who steals or copies it.

The Intellectual Property Office (IPO) is the official government body responsible for IP rights. Some types of protection are granted automatically via the IPO, and others you must apply for.

Automatic Protection

Protections which must be applied for

Carefully consider the type of protection you may need and whether you may require more than one type of protection linked to a single product. In addition to the rights highlighted here, there are several other ways to protect your original ideas, for example using confidentiality agreements, copy protection devices, publication rights and trade secrets.

To determine the correct level of protection, seek professional legal advice from an IP specialist who will offer the correct guidance on next steps.

Bowcock and Pursaill advise businesses from start-ups and SMEs to large-scale organisations, on the development, protection, and enforcement of their IP rights. Our specialists can help in all areas relating to intellectual property including trademarks, copyright, designs, patents and passing off and will provide a cost-effective solution to meet your needs.

To find out how we can assist you call our expert team on 01782 200007 or email Tim Wolley at tw@bowcockpursaill.co.uk.

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