"IP" – which stands for Intellectual Property is a much used term that describes the application of the mind to develop something new or original. This can take a number of different forms such as:
- New inventions
- Artistic creations
For an increasing amount of businesses it is their Intellectual Property which is the key asset for generating income. It can also be where the majority of the enterprise value is housed. As a result of this it is essential that businesses protect and manage their Intellectual Property Assets. Inadequate protection of an organisation's IP Assets can be the difference between success and failure.
Intellectual Property rights establish the ownership and rights to use the particular brand, slogan or identity. The onus is on the legal owner of the Intellectual Property to prove ownership and to take action should a potential infringement occur. Once you own an IP right, you are responsible for monitoring the way it is used and protecting it against infringement.
Hanrick Curran services a wide variety of businesses where Intellectual Property is a very important consideration. Through our involvement with these businesses we have the knowledge to deal with the business and taxation aspects of Intellectual Property issues. In addition to this we have forged strong relationships with specialists in all other areas associated with Intellectual Property assets which allows us to provide our clients with access to a holistic service tailored to their needs.
For more details as to how Hanrick Curran can assist, please contact your HC Advisor.