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Benefits of IP registration

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Why do they continually build their IP registration portfolios if there are no associated benefits? If they are just mere expenses?

Are you missing something in your business by not investing in intellectual property (IP) registrations?

With IPOPHL issued registrations for your IPs (such as your product/process innovations, business/brand names, business/brand logos, and artistic/literary works), π˜πŽπ” 𝐂𝐀𝐍:

➊ π…πˆπ‹π„ 𝐀 𝐖𝐄𝐋𝐋-π…πŽπ”ππƒπ„πƒ 𝐂𝐀𝐒𝐄 π€π†π€πˆππ’π“ π˜πŽπ”π‘ π‚πŽππ˜π‚π€π“ π‚πŽπŒππ„π“πˆπ“πŽπ‘π’. Administrative, civil or criminal actions may be filed against alleged infringers (RA8293). Stop their infringing activities, claim damages from them, license out, or sell to them at a premium. Your registered IP, your terms.

βž‹ 𝐏𝐑𝐄𝐕𝐄𝐍𝐓 πŽπ“π‡π„π‘π’ π…π‘πŽπŒ π‘π„π†πˆπ’π“π„π‘πˆππ† π˜πŽπ”π‘ π•π„π‘π˜ πŽπ–π 𝐈𝐏. Based on the first-to-file rule, your competitor who in good faith has secured an earlier IPOPHL filing date for the same IP as yours will be given the priority to enjoy exclusive rights over the same. Getting sued by that competitor could be next. Secure your filing date ahead of your competitors. It surely is a race.

➌ π’πŠπˆπ 𝐓𝐇𝐄 π„π‹π€ππŽπ‘π€π“π„ π†πŽπ•π„π‘ππŒπ„ππ“ ππˆπƒπƒπˆππ† ππ‘πŽπ‚π„π’π’. Direct contracting with the Philippine government is available when it requires procurement of goods of proprietary nature (RA9184). These goods are generally covered by IP registrations.

➍ 𝐄𝐍𝐀𝐁𝐋𝐄 π‚π”π’π“πŽπŒπ’ π“πŽ π’π„πˆπ™π„ 𝐒𝐔𝐒𝐏𝐄𝐂𝐓𝐄𝐃 πˆππ…π‘πˆππ†πˆππ† ππ‘πŽπƒπ”π‚π“π’. Ever heard of the Philippine Bureau of Customs’ recordation of IP rights? Based on this recordal, Customs can start forfeiture proceedings against seized infringing goods.

➎ π€π•πŽπˆπƒ π‹πŽπ’π’/π’π”π’ππ„ππ’πˆπŽπ πŽπ… 𝐄-π‚πŽπŒπŒπ„π‘π‚π„ π’π„π‹π‹πˆππ† ππ‘πˆπ•πˆπ‹π„π†π„π’. The go-to e-commerce platforms, like Lazada and Shopee, have strict policies on protecting intellectual property rights. Their instance in dealing with infringement claims may lead to the removal of your product listings. Show your IP registration certificates, and your listings should do just fine.

➏ π€π•πŽπˆπƒ π‹πŽπ’π’/π’π”π’ππ„ππ’πˆπŽπ πŽπ… π’πŽπ‚πˆπ€π‹ πŒπ„πƒπˆπ€ π€πƒπ•π„π‘π“πˆπ’πˆππ† ππ‘πˆπ•πˆπ‹π„π†π„π’. Like the e-comm service providers, social media service providers do not allow posting of content and selling of items that violate someone else’s IP rights. Got the IP registration certificates for your products and brands? Nice. Having your content removed should be the least of your worries.

➐ 𝐆𝐄𝐍𝐄𝐑𝐀𝐓𝐄 π†πŽπŽπƒπ–πˆπ‹π‹ 𝐓𝐇𝐀𝐓 𝐂𝐀𝐍 𝐁𝐄 𝐕𝐀𝐋𝐔𝐄𝐃 𝐎𝐍 π˜πŽπ”π‘ ππŽπŽπŠπ’ πŽπ… π€π‚π‚πŽπ”ππ“π’. Remember when Jollibee Corp acquired Mang Inasal in 2010? The MANG INASAL trademark was valued at about 2 billion pesos. Goodwill isn’t generated on balance sheets out of thin air. It starts with IPOPHL registration. Whether you license out or sell, your IPOPHL issued registration papers will surely matter.

βž‘ πŽππ“π€πˆπ π‚πŽπ‹π‹π€π“π„π‘π€π‹ π‹πŽπ€ππ’ π…π‘πŽπŒ π…πˆππ€ππ‚πˆπ€π‹ πˆππ’π“πˆπ“π”π“πˆπŽππ’. Landbank, for example, is one potential source of funds for producing and commercializing patented inventions. Filipino Inventors with active IP rights are eligible borrowers. Do check with any bank or financial institution of your choosing.

βž’ 𝐁𝐄 𝐀𝐖𝐀𝐑𝐃𝐄𝐃 πŽπ… π…πˆππ€ππ‚πˆπ€π‹ 𝐆𝐑𝐀𝐍𝐓 π…π‘πŽπŒ 𝐓𝐇𝐄 π†πŽπ•π„π‘ππŒπ„ππ“. Philippines’ DOST-TAPI, for example, is another potential source of funds in developing a business enterprise based on registered IP. Active and valid IPOPHL issued registration papers with complete disclosures are on the checklist of required submissions.

βž“ π„ππ‰πŽπ˜ 𝐓𝐀𝐗 πˆππ‚π„ππ“πˆπ•π„π’ π…πŽπ‘ 𝐓𝐄𝐍 (𝟏𝟎) π˜π„π€π‘π’ π…π‘πŽπŒ π˜πŽπ”π‘ π…πˆπ‘π’π“ 𝐒𝐀𝐋𝐄. With proper certifications, you can get exempted from payment of license fees, permit fees, customs duties, charges on imports, and other business taxes (RA7459).

β“« 𝐇𝐀𝐕𝐄 π’ππ‘πˆππ†ππŽπ€π‘πƒπ’ π“πŽ πˆππ“π„π‘ππ€π“πˆπŽππ€π‹/π…πŽπ‘π„πˆπ†π π€πππ‹πˆπ‚π€π“πˆπŽππ’. Your PH filing dates can serve as priority dates in your international/foreign applications. Any other entities looking to file identical/similar IPs in foreign countries after that priority dates may not get approvals.

⓬ ππ”πˆπ‹πƒ 𝐀𝐍 π„πŒππˆπ‘π„ π…π‘πŽπŒ π˜πŽπ”π‘ π‘πŽπŽπŒ πŽπ‘ 𝐆𝐀𝐑𝐀𝐆𝐄. Familiar with the reported humble beginnings of today’s industry leaders? Mark Zuckerberg (Facebook) from his dorm room. Larry Page and Sergey Brin (Google) from their first office in a garage. Steve Jobs and Steve Wozniak (Apple) from the former’s garage.

Ever wondered about the role of IP registrations in the growth of these successful industry leaders?

Start your IP protection/registration journey with the IPOPHL recognized leading Intellectual Property Agent, Tundayag IP.

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