Protecting Intellectual Property in UAE – Key Steps to Follow
- How Organizations Safeguard their Brand Assets - Intellectual Property Protection in UAE
Protecting Intellectual Property in UAE – Key Steps to Follow
Protecting intellectual property is a crucial aspect for every organization in the digital world. Especially with the increasing competition in the market and the risk of copying brand assets, safeguarding the brand reputation is furthermore necessary.
Protecting Intellectual Property in UAE is a very important step organizations must take to avoid duplication of their products and services by third-party providers.
What are the Ways to Protect Intellectual Property?
There are four common ways to protect Intellectual property globally is by registering or categorizing the brand assets into any of the four below parameters.
- Trade Secrets
An idea that is original and has an economic value must be protected. It helps in preventing anyone else from taking your idea or creation and profiting from it unless you permit to replicate it.
Copyrights are mainly for artists and written works. It includes literary works of fiction, non-fiction, paintings, and drawings, etc.
It helps to prevent the organization from copying and duplicating the works without permission. The copyright notice must be included on all pages of the work as a preventive measure to illegal copying of the work.
The copyright must be registered with the US Copyright Office to prove your ownership in court in case of a dispute.
Trademark will protect your brand assets such as taglines, pictures, logo, or combinations to identify the source of goods.
Trademark Protection prevents others from using the brand assets that are trademarked by a particular brand.
While applying for a trademark, there is a type or class of business that the mark is used for. It has a validity of 10 years. The Ministry of Economy has a dedicated wing that issues trademark registration certificates for organizations applying for a trademark in UAE.
We will assist you in coordinating with the relevant Government Authorities and get your brand Trademark Registered in UAE at the lowest cost. Connect with our team right away!
Patent protection is for inventions man has made. A new type of machine, processes, materials can be applied for patents.
The patent filing application has to be submitted to the US Patent and Trademark Office for approval.
4. Trade Secret
Trade Secret is the least secure way of protecting intellectual property. The idea of creation cannot be easily figured out by others.
You can keep control of economic value as far as the secret is not disclosed by anyone.
Steps to Follow for an Organization to protect their Brand Assists
Registration of patents and Trademarks; copyrighting the work and documenting a Trade Secret helps in a long way for an organization to stay protected from others using the branding elements or assets without consent.
Intellectual Property helps in providing legal protection to an organization. The tangible property helps in safeguarding the unique product ideas into reality by getting copied.
How to Protect the Intellectual Property?
Organizations can follow certain steps to protect the Intellectual Property and any innovative ideas that are economically viable for the organization to achieve higher business productivity.
Also often certain ideas get leaked or shared with the outside world and get replicated by another player in the market. It leads to the loss of reputation of the organization that originally had introduced the concept.
To avoid such instances, the organizations must follow certain steps to remain protected from counterfeiting and copying of ideas, products, or service models.
1. Secure the Intellectual Property (IP)
The intellectual property must be secured in the organization. There must be limited access to an employee who is accessing the brand assets.
Thereby, the organization’s assets will remain secure within the organization, and the chances of the information or the details about the intellectual property leaking out can be eliminated.
2. Awareness about the IP rights
Train the innovative team of the organization with the latest IP rights and the benefits of IP registration.
Also, the team must prepare a robust policy to protect the organizational assets from getting duplicated in an unauthorized way. For the same, an expert IP Consultant will help in organizing the things in place.
3. Engage an Expert Consultant
The expert consultant will help in preparing the framework to effectively record the asset and draft the policies that will help in safeguarding the company assets that are IP protected.
Also, the consultant helps in identifying assets and assist in filing the required IP protection paperwork effectively for the organization.
4. Genuineness of Idea
Ensure the idea or the brand assets are genuine and have not to be replicated by anyone.
Do thorough research online and through available sources to check the brand asset genuinely. Once the idea, logos, taglines, literature work is identified as original content proceed to secure them by getting it IP registered.
5. Hire an Auditor
To take a count of the IP registered and prospective and non-prospective assets in the organizations, it is advisable to hire an IP Auditor for an external assessment.
The IP Auditor will provide the complete details after a thorough audit on the status of IP Assets, IP protection, and the road ahead for the organization.
6. Keep a Record of all IPs
All the intellectual IPs in an organization had to be recorded and monitored to avoid any theft or unwanted loss.
While filing the patent for an idea, it is important to record all the related information as evidence. Starting from the conception of the idea, the number of meetings attended, documentation preparation, place of meeting & date, name of persons attended, etc., need to be maintained.
Large organizations must maintain a central repository of IP registered assets. It helps in maintaining a secured environment with limited employee access.
7. File for Intellectual Property Rights
Finally, identify all the prospective ideas and brand assets and file them for the right Intellectual Property registration. It will enable the organization to protect its assets from duplication and get legal coverage.
To know more about Intellectual Property Rights, talk to our expert business consultants right away!
Contact Us: Aurion Business Consultants