Intellectual property
includes a Trademark, Copyright, and Patent. It is important for a business as
it shields them from rivals so that their idea or invention does not get
copied.
Intellectual property,
like any other company asset, is part of a mix or resources that a company will
use to create products and grow market share. IP is valued (in an accounting
sense), sold, created or purchased based on a company’s strategy or business
model - just like normal assets.
Some companies are very
IP focused (software, pharma) and some not so much. Companies with a lot of
licensing activities (think films & toys) are also very IP focused even
though you may not immediately think so. IP is a means to differentiate your
business (trademarks) or, if you have the financial resources, blocking
competitors (patents). Again, this all boils down to how you want to use your
company’s resources.
Along with this, there
are other benefits that prove that intellectual property protection is
important for a company. They are:
-Ability to have
competitive advantages over small businesses.
-Enhances company value
and goodwill.
-It helps to market your
products and services.
-It provides export
opportunities.
-You can easily acquire
financial support for business.
Hope this helps…
Source: Quora
If you are interested in
finding IP services in Vietnam, let
ANT Lawyers helps. We can connect you with a skilled lawyer that is much more
affordable than a traditional law firm attorney. Check us out and please get in
touch if you’d like more assistance.
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