BDO Malta celebrates World Intellectual Property Day
26 April 2023
World Intellectual Property Day is celebrated every year on April 26th to promote the importance and significance of protecting intellectual property rights to foster creativity and encourage innovation.
In 2000, the World Intellectual Property Organisation (WIPO) established World Intellectual Property Day in order to raise worldwide recognition of intellectual property.
What is intellectual property (IP)?
Intellectual property fundamentally consists of ideas and their expression, such as inventions, literary and artistic works, designs, images, marks, names and other devices that may be protected by patents, copyrights, trademarks and other forms of legal protection.
The protection of intellectual property rights provides the holders with unique acknowledgement and legal protection, which ultimately contributes to economic, socialt, and cultural development around the world.
As a result of this legal protection, the holders of intellectual property are granted the sole legal right to authorise third parties to use their property and derive financial benefit from their assets. These profits, known as royalties, generate potential for economic growth and new job opportunities.
How can BDO help?
BDO Malta's Legal services team offers a range of solutions designed to help businesses protect, manage, and maximise the value of their intellectual property assets. Our team of experienced lawyers offers a wide range of intellectual property services, such as:
- Registration and Protection: We can assist with the registration and protection of trademarks, patents, and designs in Malta and within EU and international institutions.
- Strategy Development: We can provide support by developing a comprehensive intellectual property strategy that would be aligned with the business's goals .
- Licensing and Commercialisation: We can help businesses monetise their intellectual property assets through licencing agreements, joint ventures, and other legal strategies. We can also assist in drafting and negotiating escrow agreements for intellectual property transactions.
BDO Malta recognises the importance of intellectual property to businesses and enterprises, and thus, we are committed to delivering top-notch services to assist you in safeguarding and increasing the worth of your assets. Contact our team to discover how we can assist you and your business in excelling in the realm of intellectual property.
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