For any growing business, intellectual property, especially brand, can be one of their most valuable assets – and too often their most overlooked. Brand names, logos, packaging and visual identity can carry as much long-term value as any product or premises, and sometimes more. Yet with the need to grow and survive, formal registration of these rights, particularly overseas, is frequently pushed down the list of priorities until it becomes an urgent, and expensive, threat to the business.
Taking stock of these assets early, and understanding how and where to protect them, can make the difference between scaling with confidence and later having to prove ownership of what was always yours.
What is Intellectual Property in your business?
Intellectual property sounds abstract, but in reality it sits at the heart of every aspect of commercial life. It is the collection of intangible assets that are the result of creativity and innovation: the way a brand looks, the design of its products, the originality of its services and the distinctive methods that set it apart from competitors.
But despite its prevalence, businesses often underestimate how much intellectual property they already own. A useful starting point is to ask a few simple questions. Why do customers choose this business over another? What makes it recognisable? What are its unique selling points? What innovations have been introduced along the way to improve the way it operates? The answers are often surprising and can reveal that the true value of the business lies not simply in the goods or services it provides, but in how it presents and differentiates itself in the marketplace.
These assets represent the years of hard work that go into building a business. And if you don’t protect them properly, someone else could do it first.
The vulnerability of hard-earned success
Success brings visibility, but with that visibility comes a level of exposure most businesses aren’t prepared for. Attending trade shows, speaking to potential distributors or growing a presence online all increase the likelihood that a third party will encounter and take an interest in a company’s brand or product identity.
In many countries, trade mark and design systems operate on a “first to file” basis rather than “first to use”. This means that even where a business has traded legitimately for years, it may still face legal obstacles if another party has registered the same or a similar name, logo or design in that territory first.
The consequences can be severe. Businesses can find themselves locked out of key markets or drawn into lengthy and expensive legal disputes. In some cases, rebranding or redesigning products becomes unavoidable, with significant knock-on effects for marketing and customer recognition. What begins as a minor administrative delay can quickly escalate into a strategic and financial setback.
The importance of registering
Registering intellectual property signals ownership and provides the legal right to prevent others from copying or misusing what you have created. Without registration, enforcing those rights becomes slower, harder and far more expensive (if possible at all). While the cost of filing applications or seeking specialist advice can feel significant in the early days, particularly when weighed against the more immediate day-to-day pressures of running a business, it is modest when compared with the financial and operational setback of a dispute, a settlement negotiation or, worst of all, a forced rebrand that undoes years of customer recognition overnight. For most consumer-facing businesses, that protection begins with trade marks.
Whilst the above focuses on the value IP brings to enforcement, it is important to remember that IP registrations also add value to an organisation, creating commercial opportunities such as licensing which may not be available without the necessary ownership.
The strongest protection for a brand is a registered trade mark. It is what secures the brand identifiers that consumers come to trust and recognise. Unregistered trade marks can still be protected through an action known as passing off, but this route is expensive and unpredictable because it requires proof of goodwill, misrepresentation and damage. A registered mark avoids much of that uncertainty. Once secured, it lasts for ten years and can be renewed indefinitely, making it one of the few commercial assets capable of lasting for the lifetime of a business and beyond.
Key takeaways
It is never too early to start thinking about how to protect your intellectual property. In practical terms, this may mean filing trade marks not only in the markets in which you are currently operating but in those likely to be of importance in the next few years, securing rights across product categories that are still on the drawing board and protecting logos, packaging and other distinctive design elements from the outset. Taking this broader, forward-looking approach can strengthen your claim to ownership of the brand internationally, and, just as importantly, allows businesses to grow with the reassurance that the brand they are building today will still be theirs tomorrow.