Intellectual Property refers to any type of “intellectual” asset. The most common types of Intellectual Property (IP) are patents, trademarks, designs and copyright. But there are other types of IP too – and these can be just as commercially important!
Trade secrets, confidential information, Know-How and Show-How are all forms of Intellectual Property, but which are often overlooked.
Some types of Intellectual Property need to be registered – such as patents, trademarks and designs. In other cases IP arises without registration – so you could have rights which have arisen without your having done anything special. An IP audit can help to establish what you have and haven’t got – and tell you the steps you should take to keep your assets safe.