Industrial Property: What it Is and What are its Benefits?
As we have been saying, the Registration of your Brand is one of the most important steps in the creation of any company or society; it assures you an important Presence in the market, it Positions your brand before the competition, it Creates important business opportunities and it Presents you to the world as a company everyone should consider.
However, these is nothing more than a small branch within a much larger and more complex matter: the one of the Industrial Property. Understanding it and knowing what benefits I can get from it certainly can be a very important tool for any entrepreneur or businessman.
In short, the matter of Industrial Property is "a set of rights that are exercised over tangible goods resulting from a commercial activity" (Patents, Distinctive Signs, Industrial Designs, etc.). For instance, your Brand, Logo or even the Design of your products all fall into this category.
But how can a patent benefit me? What´s the use of registering my products or distinctive signs as "Industrial Property? Well, the answer is quite simple: it all helps to protect and secure your future as an entrepreneur. In addition, the direct benefits are enormous:
- Exclusive Rights over the Property: Or in other words, you and only you can decide who will have the Rights to use, distribute and reproduce your property.
- Right to obtain Funding: Patenting your property can also allow you to seek funding from the private and public sectors, sending a positive message and a legal warranty that their investment is in good hands.
- Right to Collect Royalties: If you wish to grant the right to someone else to use your property, you can also condition the party interested to give you an active income or percentage of their profits.
- Right to Franchise your Product or Service: If for some reason it is impossible for you to request the demand that your market begs for, you can offer a Licensing / Franchise Concession and thus maintain the demand without the need to raise prices, and also obtain a stable income from those who have the License, and even demand royalties from them (if that is the case).
- Protection against Plagiarism and the Theft of Intellectual Property: In case your Industrial Property is compromised by the theft of an Industrial Asset, you can proceed to take legal action and force the perpetrator to pay the damage he commited, as well as forcing them to stop plagiarizing your identity.
At DEFEND Abogados, we want your company and its goals to never be compromised by any type of legal problem. And in the same way, we want those things that you created with your effort and sweat to never be stolen or plagiarized. For these reasons, we will advise you throughout the process so that you can Register, Patent or Protect what matters most to your organization.
Contact Us! We are more than willing to help you.
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