mitchell wilde solicitors nottingham and derby

0115 8371 430

info@mitchellwilde.com

Small businesses and the importance of intellectual property management

  • Date: 24/07/2017
  • Category: General

Small businesses need to protect their IP

What makes it so important to be aware of Intellectual Property Abuse?

Many factors can affect a small business if they are targeted by imitators. These factors tend to be;

  •  Loss of Revenue
  •  Destruction of brand reputation
  •  Danger to consumers

What precautions can be taken to fight intellectual property abuse?

Several procedures can be used to prevent intellectual property abuse from damaging a business. This includes the following;

  •  File Trademarks: It is in a company’s interest to file trademarks in the countries in which they operate before the products are made available for sale. These trademarks are relatively cheap and easy to set up; they provide a crucial method for any company wanting to defend their brand.
  • Secret Ingredients: If your products are manufactured with secret ingredients, this can help to create a unique brand which differentiates you from the imposter product. It can be of huge importance to give these the requisite level of protection.
  • Keeping Informed: If business owners learn about, and keep up to date with, the different intellectual property abuse issues, new developments and recurring scams then it will be easier to spot imposters and prevent them causing damage to the business.
  • Be Proactive: It is crucial to keep on top of this issue. If your business has been targeted by an imposter, you might try and buy a sample of the fake product to use as evidence that it was fake. It is then up to you to report the fake good on the website you found it on and by proving it to be fake, the link should be removed.
  • Finally, it is important to make sure you do not infringe any existing intellectual property when developing your own product. Make sure to carry out a thorough research on the current market of similar products.

Share this


Tags


  • /

Head Office

Telephone:
0115 8371 430

Address:

72 Wollaton Road,
Beeston,
Nottingham,
NG9 2NZ

Email:
info@mitchellwilde.com

Derby Office

Telephone:
01332 460031

Address:

Wyvern House
Railway Terrace
Derby DE1 2RU

Email:
info@mitchellwilde.com

Legal

Mitchell Wilde LLP is a Limited Liability Partnership registered in England and Wales (LLP Number OC 311296) and is authorised and regulated by the Solicitors Regulation Authority. Our VAT registration number is 847246995. Our professional rules are available from the Solicitors Regulation Authority website.

If you are a client and we have made a contract with you by electronic means you may be entitled to use an EU online dispute resolution service to assist with any contractual dispute you may have with us. This service can be found at http://ec.europa.eu/odr. Our email address is info@mitchellwilde.com.

Mitchell Wilde LLP © 2019 | HTML Sitemap | Privacy Policy | Website Terms

Web design byWebsite Design Derby | Cloud Services