Intellectual property law
Intellectual property (IP) is a term that describes the application of the mind to develop something new or original.
IP is protected by law and can exist in various forms, including:
Literary or artistic creation (the film, recording, publishing and software industries would not exist without copyright protection)
Inventions (which can be patented)
Branding (symbols, names or images used in business)
Greenhalgh Pickard’s experienced IP law solicitors John Greenhalgh and Bryan Pickard have experience in trade marks, copyright and registered designs, commonly dealing with:
Licence agreements for intellectual property
Strategies to practically protect intellectual property, both from competitors, employees and market forces (including involuntary solvency issues)
Commercialising intellectual property
All businesses have intellectual property of some kind or another.
Protecting your IP rights is important because it increases the value of your business. Typically if you are looking to raise capital for your business, merge or sell, financiers or purchasers will take enforceable IP rights into consideration.
Therefore it is important for businesses to:
Consider intellectual property due diligence
Consider branding strategies, including trade mark registration
Protect know-how, including patent and design registration
Ensure licensing agreements and confidentiality agreements protect IP
Often IP resides in an entity removed from the trading entity. If desired, Greenhalgh Pickard’s accountants can provide assistance in the tax structuring of these entities. If you are interested in speaking with an accountant, call (07) 5444 1022 today.
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