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Intellectual Property

Your business is likely to own or use intellectual property (IP). This may include your business name, logo, website, technical innovation, software, images and the look of your products to name a few. These important assets, which often go unrecognised, could play an important role in the sustainability and growth of your business both domestically and internationally, and all businesses to protect their IP.

Upcoming changes post EU transition 

It's important to understand there will be changes to UK IP law to ensure the smooth departure from EU IP systems. This includes the use of representatives and address requirements to represent, UK Address for Service, and IP rights. Check the government's webpage for further information. There's also a handy checker tool so you can find out what actions you need to take now. 

Changes will affect:

You can find out more information about all of these changes in this news story from the IPO

Help is available to ensure your business is ready. We are encouraging all businesses to:

Listen to the IPO's informative webinar 

The IPO has helpfully outlined the key changes that businesses need to know at the end of the transition period. The webinar is available on-demand here.

 

The value of IP

 

Hear from Caroline Sparks, co-founder of Turtle Tots as she talks about the value of IP to her business.

 

Why IP is important

Intellectual property assets can be integral to the growth and sustainability of a business. When properly managed, the value of your IP can far outweigh the physical assets, accounting for over 70% of your business’ value. There are four main types of IP:

 Below is a video regarding the importance of protecting your intellectual property.

 

 

Getting help with IP

The Intellectual Property Office (IPO) is the government body responsible for granting IP rights. Their business pages are full of guidance, case studies, events and information on where to access further support. Visit the site via this link.

The IPO also offers a range of interactive tools to make IP easy for businesses. 

If you would like further information or advice on IP, please contact us to speak to a dedicated Enterprise Adviser https://www.wearegrowth.co.uk/contact-us/.

You can also watch the video below from Business Support Helpline regarding how to trade mark and copyright.

Other useful links:

Growth hub providers – help with intellectual property https://wearegrowth.co.uk/search/?keyword=intellectual