Why do entrepreneurs undermine or dismiss the importance of Intellectual Property?
✅ The first few years of a start-up’s development are full of challenges: revising and finalising the concept, R&D, finding employees, partners, looking for funds, etc.
Although intellectual property is at the heart of innovation, and can be a strategic and sometimes essential tool for the development / growth of these companies, it is still on the back burner of their overall strategy .
There are many reasons behind this:
– Entrepreneurs wrongly think that since IP is intangible, it doesn’t have value ;
– For many of them, IP is only suitable for big companies;
– Most of the time entrepreneurs do not know where to start when it comes to manage IP etc.
📈 Intellectual property is a tool of development for companies of all sizes. If you choose to ignore it, you probably run the risk of seeing someone else taking advantage of the efforts and the investment you put in the innovation.
🔑 Our recommendation : request assistance of a professional, reserve your IP rights, ensure to take the most out of your IP assets and don’t hesitate to defend your rights if necessary.
Cabinet T&F is located at Yaounde not far from OAPI headquarter.
Our firm is made up with certified counsel with more than 40 years of personal experience.
We are available in case or any question, consultancy related to intellectual property , feel free to get in touch at contact@cabinet-tf.com or to call on +237 693 00 40 98.
