If you own or manage a business you may be surprised by how much valuable intellectual property (IP) you have. Protecting your IP is critical when establishing your product or service in the market. It provides a competitive advantage for your business and can be the key difference between success and failure. Failure to secure IP protection may significantly compromise the commercial prospects for your idea, and may lead to a competitor copying your idea.
Understanding the world of IP can be difficult. Our handy IP checklist provides you with a useful starting point to ensure your IP is adequately protected and to secure your competitive position in the market.
This POF IP Checklist is a general overview of the steps involved in securing your intellectual property for your business. This information is not a substitute for legal advice in any specific situation. For a free consultation, or to find out more about protecting your IP, contact Russell Waters, partner at POF, on russell.waters@pof.com.au.