As well as owning physical assets, your business may also own non-tangible assets such as intellectual property (IP). This can include trade marks, logos, patents, processes and designs.
Once you have protected your IP with trade mark registration, copyright, design protection, or patents, you can start to exploit it commercially to help you grow your business. If you do not have the resources to exploit it yourself, you can involve other people and businesses to help. You can do this by:
- licensing your IP
- selling your IP
- using third party distributors
- franchise arrangements
This guide explains the options available to you if you decide that you need to involve other people and businesses to exploit your IP. It details the advantages and disadvantages of each option and tells you how you can use each of them to benefit from your IP.