When businesses have an area of expertise, a technology, service, or product that is truly unique to them, there may be benefits to be gained from ensuring this ‘intellectual property’ is protected from use or copying by others.

Often this is achieved by registering a trademark or filing for a patent as this represents a visible aspect of IP.  Even if formal registration isn’t a prerequisite, there may also be additional intellectual property considerations to address that advice from a qualified lawyer may highlight.

When discussing contracts related to intellectual property, conventionally, there are two types of exclusive IP agreements.

  • Selling your IP
  • Licensing your IP

With our many years of expertise, we can provide guidance to clients who need to consider IP rights within contracts or terms and conditions. Seeking early advice can help to identify areas that could be classed as IP and create the right legal framework to ensure this competitive advantage is retained and your IP rights are protected.