Before you develop your business idea you need to check that your proposed name or product is not infringing somebody else’s patent, trademark, registered design or copyright.

Once you’ve checked you should protect your own intellectual property rights so that nobody can copy you. An IP audit can help you identify all your IP rights and importantly also the IP owned by others that your business uses every day.

If you infringe someone’s IP rights you could face civil law action or even criminal proceedings which could lead to hefty fines or a custodial sentence. So it’s really important that you set out an IP policy for your business.

Simple things like purchasing a license for playing music in your workplace or ensuring that you have the right licenses for software and you only upload images that you own or have the rights to should all be part of your IP policy.

Your workforce also need to respect your IP policy. Selling counterfeit goods on your premises may leave you liable for prosecution as could accessing infringing materials online. Ignorance or accidentally infringing someone’s IP is not a defence.

Respecting other people’s IP is an essential part of any successful business.

 

 

MORE ABOUT INTELLECTUAL PROPERTY

Should I protect my Intellectual Property overseas?

Should I protect my Intellectual Property overseas

 

Should I license or franchise my Intellectual Property?

Should I license or franchise my Intellectual Property

 

Do I have Intellectual Property rights?

 

What is intellectual property?

What is intellectual property

 

Is Intellectual Property important to my business?

Is Intellectual Property important to my business?

 

Should I get a trademark?

Should I get a trade mark?

 

Should I get a patent?

Should I get a patent?

 

Should I have a registered design?

Should I have a registered design

 

Is copyright important to my business?

Is copyright important to my business

 

 

 

Chris Smith Protecting your intellectual property

 

 

Editorial Staff

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