The importance of industrial property rights

The importance of industrial property rights or patents for the commercial success of a business enterprise is overestimated by many people. Industrial property rights are rights of prohibition that will only keep competitors from copying a technology, a trademark or a design.

This protection is often associated with considerable costs that should ultimately pay off for the business. With respect to the licensing of existing property rights, too, we must not forget that in 90% of cases the cost of securing the rights will ultimately be higher than the income produced from licensing agreements. Accordingly, the economic outlook should be analysed carefully.

CAST experts can assist you in carrying out a thorough economic analysis and help you make the right decision for your enterprise.