Intellectual Property has become an essential and constant element today, everything we consume and use in our daily lives is the result of large or small innovations. Intellectual Property is understood to be any creation of the human being, of the mind which is capable of being used in the industry and to which protection must be given.

Within the intellectual property, we find patents for inventions, trademarks, industrial designs, geographical indications, and copyrights: such as literary works, such as novels, poems and plays, movies, musical works, artistic works, such as drawings, paintings, photographs, sculptures, and architectural designs.

The purpose of intellectual property is the granting of an exclusive right by the State to a person, whether physical or legal, for the intellectual exploitation of a good or service for a specified time.

Why is intellectual property protection important?

Regardless of what is registered, be it a trademark, a patent, literary work, the registration will prevent third parties from taking advantage of your ingenuity.

The registration becomes the necessary tool to exploit the invention exclusively, to assign and provide licenses, change of pecuniary considerations, and the right of defense is obtained, being able to prevent its use by third parties. With the registration, the intangible asset receives the same treatment as a movable asset, acquiring its owner the right to sell it, transfer it, inherit it and even use it as collateral.

Benefits of Intellectual Property protection

• It allows differentiating the products or services of one company from those of another.
• Generates transparency in the market
• Contributes to business competitiveness.
• Generates added value to the company, product, or service.
• Protects from plagiarism and unfair competition.
• Encourage innovation.
• Emergence of new products or services that improve people’s quality of life.

Keep in mind that with the protection of intellectual property you are generating added value to your company, service, or product and differentiating yourself from the competition; For this reason, do not hesitate to seek advice to register your innovations and avoid future inconveniences. ERP Lawyers & Associates has an expert team to advise on the Protection of Intellectual Property Law in Costa Rica, so, in case of doubt or query, send us an email at info@erplawyers.com where we will gladly assist you.