Guest blog: A quick guide to IP protection

Guest blog: A quick guide to IP protection
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Published: November 25th, 2015

IP_for_Business_copy_1We all know that
when starting a business, there are a whole host of procedures and
requirements that you need to remember and adhere to.

Often, thinking
about how to protect your intellectual property (IP) is the last
thing on your mind. But did you know that IP is one of the most
valuable assets your business will own? It could account for over 70%
of the value of your business and you can use it to generate the
income you need for growth.

Learn from
their mistakes

We hear businesses
say that venturing into the realms of IP for the first time can be
daunting. But the most important thing to remember is you’re not
alone. Many hundreds of thousands of businesses have gone through
this process before you. They’ve encountered every imaginable
problem, raised every conceivable question and fallen at every
hurdle.

So why not take
their experiences on board and learn from their mistakes? After
hearing so many IP horror stories, we’ve pulled together some IP dos
and don’ts to help you avoid the same pitfalls.

DO:

  • Think about
    IP from day one – research your ideas thoroughly before proceeding

  • Consult an IP
    attorney/professional every step of the way

  • Register your
    brand as a trade mark

  • Ensure
    employee contracts state that IP created is owned by the company

  • Put
    agreements in place with third parties to establish the ownership of
    any IP created

  • Keep new
    ideas out of the public domain and ensure all employees know the
    importance of confidentiality

DON’T:

  • Assume IP
    isn’t relevant to you – every business owns or uses some form of IP
    no matter the industry or area that they trade in

  • Try to trade
    off the back of other people’s trade marks as this could result in
    costly legal proceedings

  • Copy or use
    the work of others without gaining the required permissions or
    licences

  • Wait until
    your business is successful before registering your IP as it may be
    too late

  • Think a
    behaviour is legal just because ‘it’s what others do’

  • Mistake the
    use of something online as proof of ownership

The Intellectual
Property Office (IPO) is the official UK government body responsible
for intellectual property (IP) rights including patents, designs,
trade marks and copyright.

You can find out
more here

If you’d like to contribute
a guest blog to the Marches Growth Hub, please send it to
[email protected]
 Blogs should be no more than 400 words, accompanied with a photo and
short biography of the author. The guest blog is a chance to
share knowledge and expertise among the Marches business community
and therefore commercial-style blogs will not be considered for
publication. 
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opinions, services or products featured in the guest blog. 

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