Why IPR Services Are Highly Important For Small Businesses?

The two most valuable resources for any small business owner are time and money. This is one reason why many small business owners run in the other direction when it comes to the subject of intellectual property. The very thought of expensive lawyers is enough to make them ignore the topic and consider the issue of intellectual property as an insignificant problem.

But with the rising competition, understanding the concept of intellectual property has become even more critical for small businesses. Intellectual property (IP) represents the property or creations of your mind or intellect. If you develop a new product, service, process or idea it belongs to you and is considered your IP. You must formally register your IP to ensure legal ownership. Thanks to IPR services providers, businesses today have easy access to such information and benefits.

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Why should you protect your intellectual property?

Regardless of what product your enterprise makes or what service it provides, it is likely that it is regularly using and creating a great deal of intellectual property. This being the case, you should systematically consider the steps required for protecting, managing and enforcing it, so as to get the best possible commercial results from its ownership. If you are using intellectual property that belongs to others, then you should consider buying it or acquiring the rights to use it by taking a license in order to avoid a dispute and consequent expensive litigation.

Almost every SME has a trade name or one or more trademarks and should consider protecting them. Most SMEs will have valuable confidential business information, from customers’ lists to sales tactics that they may wish to protect. A large number would have developed creative original designs. Many would have produced, or assisted in the publication, dissemination or retailing of a copyrighted work. Some may have invented or improved a product or service.” (Source: wipo.int)

Why Use IPR Services?

Gone are the days when intellectual property (IP) was just an obscure legal term. It is a full-fledged legal concept that can be properly understood and applied by those who are specialized in the IP field. This is where a professional IPR services provider can help you. Being a small business owner you must pay attention to IP and benefit from its use. 

“Remember that IP may assist your SME in almost every aspect of your business development and competitive strategy: from product development to product design, from service delivery to marketing, and from raising financial resources to exporting or expanding your business abroad through licensing or franchising.” (Source: wipo.int)

You already own a business, and you have come up with an idea how to provide an additional service that your competitors do not already offer. But how do you make sure that you can bring this service into the public eye and not have it stolen by your competitors? You need to copyright the service. This is where you are protecting the service as your own, and making it illegal for anyone else to copy any part of the service without paying you a fee for that privilege.

Hiring an IPR services provider can save you the hassle of securing copyright protection. The IPR services providers take care of all requirements related to copyright work, including copyright registration, copyright assessment, software program copyright, infringement of copyright, and drafting needs for transfer of copyright and royalty.

IPR services for your small business…

The IPR services providers take care of your copyright law problems and leave you with peace of mind, enabling you to focus on your core business activities. R. K. Dewan & Co. is a reliable name in this field. For more than 71 years, their professionals have been delivering insightful advice and services to assist clients in upholding and protecting their Intellectual Property Rights throughout India and globally.

R. K. Dewan & Co. has built a close-knit, dependable and extensive network of associates in India and in over 125 countries throughout the world.Therefore catering to national and international IP filing, prosecution and domestic and trans-border litigation across all tiers of the judiciary.

An ISO 9001:2008 certified firm, it is a member of INTA (International Trademark Association), AIPPI (International Association for the Protection of Intellectual Property), AIPLA (American Intellectual Property Law Association), APAA (Asian Patent Attorneys Association), CIPA (The Chartered Institute for Patent Attorneys), FICPI (International Federation of Intellectual Property Attorneys), LES (Licensing Executives Society), MARQUES, CII (Confederation of Indian Industries), MCCIA (Maharatta Chamber of Commerce, Industries and Agriculture) and ASSOCHAM.

Intelliocus, Universal Legal, and TMT Law Practice are some other remarkable players in the IPR services market. IntellilocusTM IPR Services is an IP boutique devoted to the core of Intellectual Property practice. They can provide you an entire array of services under one roof; be it IP filing, prosecution, litigation, management, monetization, strategy designing or implementation.