Fort Lords

The advent of the digital economy has awoken the consciousness of individuals and businesses to the powers and opportunities in their neglected intellectual assets, as well as, the proprietary and economic benefits imbedded in their existing and potential IPs. This article aims at analyzing the heightened effect of the digital economy on the use and control of IPs by businesses and brands, the legal response, both at the international and local level to define the scope of IP rights, check the activities of title holders and other stakeholders as well examine the interplay between the exclusive rights accruing from IP rights and the efficacy of relevant competition laws in ensuring an enabling, accessible and competitive market aimed at promoting product quality and protecting consumers interest.

Read Article @

https://fortlords.com/publications/an-overview-of-intellectual-property-rights-a-management-perspective-part-iii/

Follow Thread @

https://twitter.com/FortLords/status/1585769575790043136

Connect at @

https://www.linkedin.com/pulse/part-iii-intellectual-property-rights-competition-laws-matthew%3FtrackingId=7HkDPXcIRLeQMV3W6s4ttA%253D%253D/?trackingId=7HkDPXcIRLeQMV3W6s4ttA%3D%3D

Traditionally, a business' worth is the summed-up estimation of the assets owned and under its control. Before the digital economy, more reliance and focus were placed on a business’ physical/tangible asset in estimating a business’s worth, with negligible attention to the intellectual capital of the business. However, the advent of the digital economy has awakened the consciousness of businesses and brands to the enormous wealth, rights and competitive advantage associated with their intellectual capital. This awoken consciousness also calls attention to the need for the efficient preservation, enhancement, valuation, protection and adequate management of these intellectual capitals as well as due care to avoid or mitigate possible risks and liabilities accruable from poor IP portfolio management or infringements on others intellectual assets, hence, the need for every business and brand to have processes and procedures in place for an efficient IP audit and management strategies.

Read full article @: https://fortlords.com/publications/an-overview-of-intellectual-property-rights-a-management-perspective-part-ii/

The last decade experienced a significant shift in the Nigerian creative industry, particularly, among the younger generation. Sadly, the same dispensation has also experienced a sharp increase in IP rights infringement denying creators and inventors the full extent of the proprietary rights to their creations and inventions as well as denying the nation the attainment of its potential economic growth.

Read the first part of the trilogy at:
https://fortlords.com/publications/an-overview-of-intellectual-property-rights-a-management-perspective-part-1/

Read other articles at
www.fortlords.com/publications

Visit: www.fortlords.com