Why You Should Register Your Intellectual Property

Are you an innovator, a business owner, or an artist? Your original ideas are the most valuable assets you can have as an individual or an organization. So, you should consider legally registering any intellectual property under your name. Read on to learn why.

To protect your brand identity.

Each business entity, whether it’s an individual or company, has a unique brand identity. Anything used to identify it is called a trademark. These are usually composed of a business entity’s name, logo, and other related images and phrases that aid in establishing who they are.

However, these defining marks can always easily be copied by another person or company so they can masquerade as the original business or individual or ride on your goodwill. In doing so, they will be able to use the original entity’s reputation or popularity to sell their own products and services.

That is why your company’s trademarks should be properly registered with the Intellectual Property Office of the Philippines. You will have a claim on your company’s brand identity that is backed by the law. This means you can take legal action against anyone who has copied your trademarks and prevent them from continuing to use them.

To protect your ownership of your ideas.

If you have an original product, invention, or artistic work, it’s essential for you to register a patent and/or copyright under your name. This is to prevent others from copying your work, product or invention and to derive economic benefit and moral rights therefrom.

Without a proper copyright and/or patent registration, it will be very difficult for you to claim damages should your work, product or invention is copied or used without your permission. For any media, it may also allow them to distribute your material without permission, whether or not it’s for profit. So, registering your copyright or patent is of absolute importance.

To protect your company’s growth.

Legally registering your copyright, patent or trademark can help protect your company’s growth. This is crucial for small businesses and startup companies. They usually don’t have the same distribution power or reach as bigger organizations. If one of your larger competitors copies a product, they can easily overtake you in terms of market share and prevent you from expanding your customer base.

In some cases, the larger competitor can prevent your business from expanding if they were first in registering it as their intellectual property. They can even block you from doing business or distributing your product in certain areas. So, you must diligently register it under your name as soon as possible.

To protect your revenue.

Lastly, registering your copyright, patent or trademark will safeguard your revenue. When a competitor copies your product it cuts down your profits. You may make less sales than you would have if you had sole distribution or production rights to your idea.

Registering your trademark, patent or copyright will prevent these competitors from profiting from your original concept and/or product. If they copy you, you can take legal action which may allow you to recover any money that they have made using your idea or brand. You can even order them to change their name or concept and charge other damages.

Surely, registering your copyright, patent, or trademark in the Philippines will ultimately help you protect your claim to your original ideas. Reach out to J. Ponce Law to learn how to protect your intellectual property.

To know more about the following, you can click on the article titles: Essential Services of Intellectual Property Law Firms Practical Reason to Patent Your Products Challenges on Intellecctual Property and Trademark Registration in Other Jurisdiction Why You Should Hire and Intellectual Property Law Firm