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The IP holding company can allow you to generate revenue in low tax jurisdictions or those jurisdictions that don't impose royalty tax on IP licensing. Market Value Recognition. Through creation of an IP holding company your business can gain recognition for the market value of its intellectual property.
Documentation Works such as your client database, software, manuals etc are all copyright works. We recommend keeping an IP register to not only record what IP your business has, but also the dates your IP works were created.
LICENSING INTELLECTUAL PROPERTY Managing these revenue streams through your LLC is preferable as the company itself, not you as an individual, owns the rights to the copyright. In the context of copyrights, you will need to assign ownership of the copyright to your LLC.
Protection of IP is handled under copyright and patent laws. The rights to intellectual property may be bought and sold using binding contracts. There is typically a trail of documentation to help establish who owns the IP. IP rights can also be established during the creating of the work.
Guide to Intellectual Property: What is the Patent Process? Determine what type of intellectual property (IP) protection you'll need. ... Evaluate whether your invention in patentable. ... Establish what type of patent applies to your invention. ... Prepare to apply. ... Complete and submit your initial application.
An IP Holding Company can be formed by selecting an existing business entity or forming an entirely new business entity into which you can assign all of your business's IP, and then license it back to your operating company so that it can use it to run the business.
Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
As it relates to IP, the overriding principle is that its creator, developer or inventor is the owner. While IP can take many forms, this article will focus on issues surrounding copyrights, trademarks, patents and trade secrets.