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), πππ πππ:
β π πππ π ππππ-π ππππππ ππππ πππππππ ππππ πππππππ πππππππππππ. 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.
β πππππππ ππππππ π πππ πππππππππππ ππππ ππππ πππ ππ. 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.
β ππππ πππ πππππππππ ππππππππππ πππππππ πππππππ. 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.
β ππππππ πππππππ ππ πππππ πππππππππ πππ πππππππ ππππππππ. Ever heard of the Philippine Bureau of Customsβ recordation of IP rights? Based on this recordal, Customs can start forfeiture proceedings against seized infringing goods.
β πππππ ππππ/ππππππππππ ππ π-ππππππππ πππππππ ππππππππππ. 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.
β πππππ ππππ/ππππππππππ ππ ππππππ πππππ πππππππππππ ππππππππππ. 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.
β ππππππππ ππππππππ ππππ πππ ππ ππππππ ππ ππππ πππππ ππ ππππππππ. Remember when Jollibee Corp acquired Mang Inasal in 2010? The MANG INASAL trademark was valued at about 2 billion pesos. Goodwill isnβt 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.
β ππππππ ππππππππππ πππππ π πππ π ππππππππ ππππππππππππ. 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.
β ππ πππππππ ππ π ππππππππ πππππ π πππ πππ ππππππππππ. Philippinesβ 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.
β πππππ πππ ππππππππππ π ππ πππ (ππ) πππππ π πππ ππππ π ππππ ππππ. 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« ππππ ππππππππππππ ππ πππππππππππππ/π ππππππ ππππππππππππ. 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.
β¬ πππππ ππ ππππππ π πππ ππππ ππππ ππ ππππππ. Familiar with the reported humble beginnings of todayβs 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 formerβs 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.