Ntellectual property in foreign markets

shirina476

The greatest inventions, political and social advances, and the most beneficial endeavors in human history have originated in the minds of people.
They all start in the same place: as an intangible idea.
Intellectual property (IP) is an essential and valuable resource.
From patents and copyrights to industrial designs and trade secrets, intellectual property can be the distinguishing factor and primary revenue driver for an organization.

Intellectual Property is a general term for the set of intangible assets that are owned and legally protected by a company from external use or implementation without consent.

The World Intellectual Property Organization (WIPO) – the UN agency charged with promoting the development and protection of IP internationally – defines IP as: “… creations of the mind: inventions, literary and artistic works , and symbols, names, images and designs used in commerce.
Owners of IP rights may use, sell or license it to others.

IP is traded every day between people, nations and industries for the benefit of the global economy.

Every effort should be made to protect the rights of their owners while simultaneously advancing shared access.

Abroad, products are counterfeited or redesigned with minor changes and then patented as new inventions.

Because much of the theft goes uncounted, estimates of the total vary.

In 2010, the commander of the US Cyber ​​Command and director of the National Security Agency, General Keith Alexander, stated that “our intellectual property here is approximately US$5 billion. Of that, approximately 300 billion [6%] is stolen from networks per year.

However, intellectual property stolen on the Internet constitutes only a part of total IP theft.

Develop options and select strategies for those companies that present significant IP risk to reduce or transfer this risk.

Intellectual property in foreign markets
Intellectual property in foreign markets

In many cases, organizations will want to access or hire specialists in this area who can help them identify current and viable strategies for their intellectual property protection needs.

Copyright/Trademark Registration and Patent Application
Organizations may need to register Ecuador Mobile Number List any relevant copyrights or trademarks and apply for relevant patents in the target market(s).

Each target market will have its own rules and processes.

For more information on how to register copyrights/trademarks and apply for patents in a particular market, companies can hire a trademark or patent agent or contact the Intellectual Property office of the target market.

Once a market has been chosen, the timing of these applications can be critical, so the application process should be started as soon as possible.

Establishment of contractual security
Organizations can seek to protect their IP through carefully constructed legal contracts. Contracts that protect intellectual property include the following characteristics:

Confidentiality agreements, which ensure that employment contracts, licenses, sales contracts and technology transfer agreements protect IP from the beginning.
Clauses covering intellectual property, such as a clear ownership clause, companies should make regular commitments to their business partners to emphasize the importance of those clauses in the ongoing business relationship, and to ensure that partners fully understand what those obligations mean mutually.
Implementation of Security Measures
Organizations may want or need to strengthen their security procedures when engaging in a new international venture.

This can help quickly identify unauthorized or malicious activities from internal and external parties.

Security hardening practices may include the following examples:
               


Conducting background checks on key staff or partners
Restricting IP access to essential parties, contractors or supply chain partners
Prohibition of unauthorized copies of IP, such as USB devices, or shared network drives
Encryption of all IP that is transmitted digitally and electronically
Physical blocking of areas where the IP is stored
Insurance underwriting
Companies may want to transfer some of their IP risk by purchasing insurance.

Intellectual property insurance generally protects against the significant legal costs that will need to be paid if an organization pursues its intellectual property claims through the court system.