Unlock intellectual property potential

Lawyer Mathilde Heaton explains how to exploit your intellectual property rights

If you are developing software products in-house, the intellectual property inherent in them could be a key asset. But do you know if your business owns any rights or how to protect and exploit them?

Here are some tips on how to make the most of your company's intellectual property rights.

Keep records of all intellectual property rights and when and by whom they were created. This establishes ownership and is useful for infringement actions

Before independent contractors start work, check you have a signed contract from them which includes an assignment of intellectual property rights to you

Check that your standard employment contracts and directors' service contracts include assignment of intellectual property rights to the company. In the UK employers automatically own copyright in work created by their employees, but this is not the case everywhere

Secure intellectual property rights in your key markets and take local legal advice as requirements may differ

Obtain signed confidentiality undertakings before disclosing details of an invention, for example in the context of commercial discussions or test marketing

Register your main brand names as trade marks and domain names in the territories you are targeting

Be vigilant about enforcement: put potential infringers on notice as soon as possible

Decide whether licences should be non-exclusive, exclusive or sole and what type of controls you want, for example territory or quality control

Consider appointing agents or distributors with local knowledge: agents act as intermediaries and the supplier controls the terms, whereas distributors buy the goods and sell them on

Take care when asked to give indemnities against infringement of third-party intellectual property rights. Assess the likelihood of claims arising and whether your insurance cover will be invalidated as a result. 

Mathilde Heaton is an assistant with law firm DLA's technology, media and communications group



Overview of intellectual property rights

 

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