IP Law protects creative works and establishes who owns what, conferring at the same time to the owner the right to exclusively exploit the creation of mind.
| IP is an asset on the company accounts as well as a source of information and knowledge.
It is called ‘key negotiating tool’, a ‘deal-maker’ when looking for investment and funding. |
SMEs, as exclusive owners of IPRs, may use IP to establish or solidify their position in the market. The monopoly that the Law attributes to the owners of the IPRs permits the exclusion of third parties giving an economic advantage to the Company. It reinforces the position of the SMEs in the market.
- IP permits SMEs to protect their creations from their competitors in the market;
- No one else can use their creations, unless authorized.
The following document provides in-detail information: