Pitfall No.6: Are You Infringing The Rights of Others? When you introduce your products or services into a new market/country your run the risk of infringing on other’s IP rights. The trade mark that you are using may have already being registered (refer to Pitfall No.1 and No.2). The technology in your products may belong [...]
read moreStarting from 1 January 2012, most countries which are party to the Nice Agreement will be adopting the new I NTERNATIONAL CLASSIFICATION OF GOODS AND SERVICES UNDER THE NICE AGREEMENT TENTH EDITION. The new classification has seen numerous changes being made to the lists of goods and services. New items have been added to the [...]
read morePitfall No.1: Territorial Rights Most IP rights are territorial, your rights only exist in the country/countries where your IP is registered. This may mean that your IP is not protected in the country where you are selling your goods and services into. Solution: Register your IPs and register them early (preferably before you enter into [...]
read moreIn today’s competitive business environment, any form of viable and profitable products or services attract market competition. When competition intensifies, market will reach a saturation point whereupon average profitability will fall. Eventually, the products or services will be phased out as it is no longer profitable.
One of the most important contributions of intellectual property rights will be to deter or delay the entry of market competition and prolong the sustainable competitive advantage of the venture.
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