All You Need to Know about Intellectual Property
Intellectual property is big business! It’s a great way to turn assets that are now intangible into tangible assets due to the fact that they are indeed valuable assets that can be used in the market place as trade items. If yours is an SME that has innovative ideas, it is time to speak to a Seth Weiss problem solver to help you with the registration and the management of your intellectual property. Not registering your intellectual property means that anyone out there, any business enterprise, can use your brand, innovative ideas and the creative designs you have come up with to legally and quite freely make money.
Seth Weiss registration can help you protect your intellectual property rights and by so doing these ideas, brands and designs will gain tangible value and become tangible assets which nobody can use without your permission. You are then able to make money out of them and you can even list them in your balance sheet in the asset column. Some of the ways that you can make money with your intellectual property include:
Licensing your rights
Selling your rights
Commercializing the services and products that are protected by the IP rights
With your IP rights in place you can be sure that your business will have greater worth in the eyes of financial institutions as well as investors that may be looking to put money into your business. If you do decide to go into a merger, to sell your business or if your business goes into acquisition, then your intellectual property assets will definitely go a long way in raising the worth of the business.
Speaking to a Seth Weiss commissioner means that your intellectual property strategy will be put in place. Your strategy includes several things:
Your policy on how you will acquire intellectual property rights. There may be different rights that cover the various aspects of the service or product you are offering. It is therefore important that you consider a whole package so that all the rights that could be yours are acquired early on.
Have a policy on how your intellectual property rights can be exploited. This means that you need to have a policy on whether they can be licensed, franchised, collaborated through joint ventures and more.
A policy on the management and monitoring of your intellectual property.
A policy on the enforcement of your intellectual property rights.
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