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These days a lot of companies have some sort of intangible assets. These assets contain trademark, patent and copyright. Like any other asset that you own, it is important to properly manage and care to ensure that your intellectual rights are not being encroached by anyone.
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Introduction • Nowadays many companies have different kinds of intangible assets. These assets consist of trademark, patent and copyright. Like any other asset that you own, it is important for you to properly manage these intellectual rights. This is where you would need support from an intellectual property lawyer.
Protection • This is one major reason behind companies looking for legal representation for their intellectual property. Since intellectual property is not a physical asset, it is very easy for anyone to claim them. A lawyer would keep an eye on your property thus making sure that nobody uses them without your permission.
Profit: Many companies are unaware of the fact that they can actually make money from their intellectual property. It can be easier to license the patent from any another company rather than reproducing your own processes. If you want to sell and reproduce your own assets in this way then you can make profit from it.
Upkeep • You should be aware of the fact that you would have ownership of your property for a certain period of time. To make sure that your rights would remain intact and are under your ownership, you would have to pay fees and resubmit paperwork in every few years as per the rules. Your intellectual property lawyer would help you to keep track of all these time limit.
Acquisition • It is also possible to acquire patents and any other similar property when they are expired and you chose to lease them. Your lawyer would be the best person to help you in this regard.
Source: • http://www.w3iplaw.com.au/
