Intellectual property (IP) is the property of your mind or proprietary knowledge. It is a productive new idea you create. This can be an invention, trade mark, design, brand or even the application of your idea. Your idea must be something new or original, but determining whether your idea is new or not is not always easy.
We provide comprehensive services throughout the process by:
- Identifying potential partners via in-depth market research
- Conducting Due Diligence
- Negotiating mutually-beneficial terms and conditions
- Preparing agreements
- Continuous consultation until the transfer is completed
We prepare technical, legal and commercial valuation reports for our clients to assist them in securing appropriate value for their intangible assets.
- Increase their capital
- Obtain funding by hypothecation of their IP assets
- Arrive at the correct value of their IP assets during Mergers & Acquisitions
- Fund their business goals through Angel funding or Venture capital
- Assign their IP assets and purchase IP assets at the apt value
We meticulously inspect and scrutinize IP portfolios to ascertain whether the IP assets of an enterprise have been adequately and validly protected in different jurisdictions. As part of the IP audit process, we prepare comprehensive reports providing our recommendations for further strengthening and optimizing IP portfolios.
The Data Privacy Rules deal with:
- protection of sensitive personal data: security practises and procedures that must be followed by organisations dealing with sensitive personal data
- due diligence to be observed by intermediaries; and
- guidelines for cybercafe's
Sensitive Data is defined as personal information that relates to:
- Financial information such as Bank account or credit card or debit card or other payment instrument details
- Physical, psychological and mental health condition
- Medical records and history and Biometric information
Value of IP rights
Registered intellectual property (IP) rights provide you with exclusive rights. You have the opportunity to sell, promote or develop your product while limiting competition from other businesses or individuals for set periods. However, IP rights are restricted in both their duration and scope. This is to balance the incentives to innovate with the need for competition.
Each IP right has its own restriction. For instance, standard patents last for 20 years and designs for 10 years. Renewal fees must be paid to ensure patents and designs remain in force for these periods. Trade marks can remain in force indefinitely provided renewal fees are paid every 10 years. Patents, trade marks, designs and plant breeder’s rights are designed for different products and are applied in various ways. They require applicants to complete differing compliance criteria.
IP rights provide competitive advantages
IP rights provide you with a number of competitive advantages. They can be an extremely valuable bargaining tool and, in most cases, be sold for financial gain. IP rights may help you or your business compete using the reputation associated with a product and innovation rather than on price alone. They give you the right to determine who can use your IP and how it can be used.
IP laws reduce the chances of your products and/or services being replicated and passed off as those of a rival trader, and can open up new opportunities.
For these reasons, IP rights can become valuable assets.