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Intellectual Property Rights: What startups in Ghana must know before going public [Article]

Intellectual Property Rights: What startups in Ghana must know before going public [Article]

Small and Medium Scale businesses or Startups must not wait to grow big before thinking about strategies to safeguard their ideas and innovations which becomes what defines their company hence their intellectual property.

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In today’s business world, intangible assets like Continuous Innovations, Trust, and Reputation, Consistent Adherence to Safety and Quality Standards as well as customer data forms part of your intellectual property and are jewels that propel business success.

One of the key events that lead to the development of systems to protect IPRs of an organisation took place in Austria in 1873, when the then Government of the Empire of Austria-Hungary invited other countries for an exhibition of inventions to be held in Vienna.

Many foreign visitors, however were reluctant to exhibit their inventions with the view that there was inadequate legal protection for their inventions when they are exhibited.

Often, you hear and see creators and inventors giving out all nitty-gritties of their inventions philanthropically to the general public or a prospective buyer.

A resultant vacuum or a hole is created beside the photograph of the candidate as well as the logo of the political party and the vote is valid for that candidate and the political party.

The vivid descriptions that have been published are to a greater extent what is needed for the IP registration of these innovations that these owners have spent hours and days if not months or years to create and yet they end up becoming public knowledge without first of all, protecting same

Original Story on: Citi Newsroom
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