Intellectual Property, what’s that?

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You may hear the words Intellectual Property (IP) when starting up your own business and wonder what it is and whether your business has any IP that needs protecting.

Intellectual Property results from the expression of an idea. Intellectual Property exists in the name of your business, the images and designs you create, songs you compose and the products you may invent. Intellectual Property allows businesses to be recognized, gives them an extra edge and makes them different to their competitors.

There are different types of rights which enable you to protect your IP and these are better known as Intellectual Property Rights (IPRs). These include Trade Marks, Designs, Copyright and Patents.

Intellectual Property is all about protecting creators and their inventions.

To learn more about Intellectual Property and how you can protect it, have a gander at the Intellectual Property Office website.

 

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