Today, most companies have assets that are intangible assets [meaning they can be seen but not touched] that they claim to own, such as trademarks, patents, or copyrights. As with any other asset you own, they need to be properly managed and cared for to ensure that your rights are not violated. To help you achieve this goal, you need the assistance of an intellectual property attorney.
protection
This is the number one reason why many companies seek legal representation. Since intellectual property is not a physical object that you can touch and feel, thieves can easily copy and claim it as their own. Lawyers will be able to pay close attention to your property and ensure that it is not used without your authorization.
profit
Many companies don't realize that they can actually make money from their intellectual property. For example, in manufacturing, getting a patent license from another company is actually cheaper than trying and copying your own process. If you sell or rent your assets in this way, you can make a huge profit.
maintenance
Do you know that you only have exclusive rights to your property for a period of time? To ensure that your rights remain the same, you will need to pay a fee every few years and resubmit your documents. Intellectual property attorneys will be able to track these time limits and ensure timely submission.
obtain
Patents and other property are also available when your company is exclusive and the patents and other assets you choose to lease expire. Your lawyer will be the best person to help you achieve this goal, as they will be able to tell the property that it is about to expire and prepare you to get it when the property is available.
As you can see, managing your assets is not a seemingly simple task for untrained eyes. To ensure that your property is properly taken care of and that no one else is illegally using it, you should hire a well-known intellectual property attorney. In fact, they can help you in a variety of ways, now and in the future.
Orignal From: Why do you need an intellectual property lawyer to be by your side?
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