IP, or intellectual property, and the theft of it is actually fairly common. In the event that you are pushing through your IP commercialisation plans in Malaysia, but still have not taken the necessary steps to safeguard your designs, copyrighted material, trademarks, and logos, you would have a more difficult time preventing it.
Firms such as PlaTCOM Ventures Sdn Bhd can help you in this regard. But to get you started, below are some ways to help make certain that malicious individuals stay away from your intellectual property:
Make sure you have a clear policy for every single one of your IP
This includes designs, patents, domain names, copyrights, trademarks, etc.
Check and make sure that you have an original idea.
When developing new products, technology, or processes, utilise trademark and patent searches early on to avoid getting into legal trouble with anyone.
File your patents
Filing for patents as early on as possible would provide you more time for developing and selling your IP, raising funding for it, or finishing your market research.
Avoid theft by using contracts
Make certain that all consultancy and employment contracts clearly detail that you own your IP.
Keep a record of evidence
Your records should include all details involved in developing your IP, including signed and dated copies of drafts and drawings, etc.
Get professional advice
To help make certain that trademarks you develop would be properly safeguarded, work with a patent, industrial designs, and trademark agent for accurate information regarding registrations and searches.
Review your IP at each development stage
Consider if new developments for your product’s or a part of its appearance or presentation are worth safeguarding with greater design registration.
Check which materials are already under a copyright and make sure to add your business name, date of creation, and copyright symbol for maximum emphasis. Also, check if you require protection for your IP in foreign markets.
Be vigilant with intellectual property thieves
Maintain trademark and patent protection and always enforce you policies by monitoring breaches and persecuting offenders.
It is also vital to keep in mind that if you want to trade or invest in Malaysia, then you should register your rights there. Because IP rights are commonly territorial, you need to take the necessary steps to protect your rights prior to trading or investing. And as per usual, it pays to seek expert advice when you need it.