Intellectual property should not be viewed as a cost centre, but rather as an effective and versatile business tool. With an effective IP strategy, which evolves with your business, you can look forward to maximising the benefits of your IP portfolio and, hopefully, more than justifying the expenditure.
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When our attorneys help you create an IP strategy for your business, they pay particular attention to your commercial drivers. Our aim is always to create strategies that work in harmony with the financial approach of the business, aligning IP rights and agreements to extract the maximum value from your IP portfolio.
For example, a key driver may be obtaining patents to enable access to the patent box – which in turn provides eligible firms with a reduced level of corporation tax on their worldwide profits from a patented product. This alone may cover the costs of obtaining and maintaining a patent portfolio, even before any other significant benefits are considered.
As your business grows, it is important to secure key IP by applying for IP rights. Our experts can then help to critically evaluate IP throughout its lifecycle, licensing, selling or abandoning rights that are no longer relevant to the business. The additional revenue generated or cost saved can then be used to protect new and upcoming technologies.
Above all, an IP strategy needs to be appropriate and cost effective. At Beck Greener, our close understanding of our clients’ businesses, coupled with our focus on building strong and trusted relationships, ensures that the advice you receive is tailored to your current business needs, with a clear eye on the future.