- Intellectual property (IPs) often have a considerable amount of money associated with them and laws in place to protect the rights of the owner from a possible violation.
- IP rights violation is a serious offense and punishable under law.
- In Australia, available statistics reports state that 29,957 patent applications were submitted in the year 2018.
Intellectual property (IP) means the ownership of certain intangible assets created by the human intellect. This can comprise of literature, scientific formulas, artwork, and even logos which can be used as a viable business instrument by companies. There are many types of intellectual property, which can range from patents, trade secrets, trademarks, copyrights, and many others. Therefore, the need for intellectual property lawyer Perth is now more than ever.
Why Do You Need A lawyer?
The aspect of intellectual property does not preclude any physical being, it is generally convergent in an idea and the subsequent inclusion into any physical product. In the form of logos, trademarks, and other IPs, they can become associated with the human psyche and often become the cause of the maintenance of the success of that brand over other related products.
For example, there are many companies that manufacture food spreads containing brewers’ yeast extract with several vegetable and spice additives. When you say the name “vegemite,” immediately the name becomes a brand which is a household name with millions of dollars in turnover. This name, or rather trademark, is the intellectual property of the company.
Most often, companies with the needed resources try to make the IP as their own the property, with the condition that no other concern, industrial or otherwise, can use the name in their products in any form whatsoever. Cases of IP being leased from others are not unheard of but the instances of such events are very rare.
Quite naturally, these IPs often have a considerable amount of money associated with them and laws in place to protect the rights of the owner from a possible violation. To ensure that any such cases could be fought within the law, you would have to engage the property lawyers Perth for your representation.
Why Is IP Violation A Serious Issue?
The giants of the trades can afford to lose a few million from their profits. However, for the medium business owner with a popular trademark, the source of income could become affected by the stealing of their IP. For one, they would lose their justly deserving revenue from the market and the sub-standard product sold by the infringer company can negatively affect the customer base. For that reason, they could start losing their clients and in extension, a functioning profitable business, for no fault of their own. That is why, under the Australian legal system, IP rights violation is a serious offense and punishable under law. For the legal proceedings, it is best to involve Intellectual Property lawyer services.
With the advent of the internet, products, and services have become easily available over the breadth of the world. With the massive reach of consumers, the companies have also faced the risk of copyright infringement or other IP rights violations. Companies are at constant risk of their unique ideas, products, or services violated and the need for proficient IP rights lawyers is always present.
How Will A Lawyer Help?
The job of the lawyer is to represent his or her client in a court of law and secure the proper judgment. In the case of intellectual property cases, it becomes more important to engage the best Property lawyers Perth as there is no physical existence of the idea. Therefore, the aspects where the legal representative can help you are listed below;
- The Extent Of Your Rights
The IP rights and its associated outcomes are governed by the legal guideline. Although, your ideas are generally yours, in some specific cases the benefits you can enjoy has some imposed limits. In some cases, any offshoot product from your unique concept may not become your property. The lawyer which you hire will advise you in the extent of your legal rights and can guide you in the filing process.
- Protection Of Your Assets
The lawyer will design the legal apparatus to govern the unique idea and its use or application. Say, you have hit upon a great idea and a company wants to pay you handsome money for that. Rather than doing it yourself, it would be an intelligent approach to include a lawyer so that you can get the most out of this deal and be protected from clauses that can hamper your interests.
- Legal Encounters
This is important if you are a corporation and are faced with an IP right infringement of another company. A lawyer will be helpful in presenting your case in the court and get a suitable judgment.
Choosing Proper Counsel
The infringement of these intellectual properties is a prevalent case among the high-flying industries. In Australia, available statistics reports state that 29,957 patent applications were submitted in the year 2018, slated to be more in the coming years. Therefore, to ensure that your ideas or your company’s interest are protected in full, the association with proficient WA Property lawyers should be treated as most important.