Enhancing the company's market value through Intellectual property
Intellectual property involves safeguarding business assets that are essential for the success of a company and generates maximum revenue. Some of the benefits of safeguarding an organization’s intellectual property are as follows:
- A corporate entity’s market value is increased through generating income such as licensing, commercialization and sales.
- Conversion of ideas into automobiles for profit
- Creating a brand image of a business that is helpful for them to market products and services.
- Raising funds by taking advantage of Intellectual property assets as collateral security
- Enhancing a company’s competitive advantage in the worldwide market.
There are certain IP rights, which are automated while some demand a procedure to get qualified. Some of the popular highly secured IP consists of logos, catchy slogans and various elements of a corporate identity. Besides, it features products, services and a similar process that is helpful for the customers to identify initial offerings to that of a market competitor.
What is meant by 'Copyright protection'?
Copyright protection is in automated mode whilst developing an item. It is an actual representation of an idea instead of safeguarding it. Even though the internet has enhanced the potential reach of business organizations, it has enabled IP theft as well. Those companies who have made their presence online are vulnerable to copyright infringement by various other corporate entities. Companies who fail to protect this piece of a valuable asset might lead to depletion of revenue.
What is “Intellectual Property” rights?
Each user has the sole right to utilize the IP. Those who have legally owned a patent implies that third parties are restricted from using it or sell a product. A registered trademark would block various other corporate entities to use a similar brand name. A company has all the rights to sell or license IP rights to other people. For instance, a user has the right to license a distribution right for the invention to various businesses to make most of a specific market as an exchange for a lump sum amount and royalty.
Companies could monitor the movement of their competitors through IP. Both patent and trademark registration applications are open to the public. As a result, they could access the documents to get familiar with the strategies and tactics of their competitors.
Today, countries are providing a tax break on the sale of a product and service for a registered IP that helps in generating maximum revenue. One of the benefits of licensing IP rights is that it would help in capturing the attention of potential investors through demonstration of IP to generate maximum revenue.
The majority of the corporate entities fail to observe the protection of intellectual property as they do in the case of physical assets.
Conclusion
It is essential to protect the Intellectual property rights to ensure a successful and profitable business. Top-quality branding, logo and tracking trademarks would depict the overall quality of a product and service in the existing marketplace.
Companies could monitor the movement of their competitors through IP. Both patent and trademark registration applications are open to the public. As a result, they could access the documents to get familiar with the strategies and tactics of their competitors.
Today, countries are providing a tax break on the sale of a product and service for a registered IP that helps in generating maximum revenue. One of the benefits of licensing IP rights is that it would help in capturing the attention of potential investors through demonstration of IP to generate maximum revenue.
The majority of the corporate entities fail to observe the protection of intellectual property as they do in the case of physical assets.
