Intellectual Property Rights

Intellectual property represents the property of your mind or intellect. It can be an invention, trade mark, original design or the practical application of a good idea.

Protecting and managing your intellectual property is important, under IP law owners are granted exclusive rights to a variety of intangible assets for a set period of time. They have the ability to decide who can use their IP and how it can be used, they can sell their rights for financial gain, or, if they cannot afford to bring their product to market themselves, they can commercialise their IP through licenses.

These rights are designed to reward innovators and encourage them to advance further research and development; they also promote wider access to inventions.

 

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