When setting up any business it is important to protect the basic idea or the product you intend to launch. In such a scenario intellectual property rights come into the picture. Now what is actually
When setting up any business it is important to protect the basic idea or the product you intend to launch. In such a scenario intellectual property rights come into the picture. Now what is actually an intellectual property right and what aspects of the business are covered in it. The answer is simple intellectual property divided into various categories like copyrights, patents, trademarks, design, database rights and many more. The regulations pertaining to intellectual property rights carry from country to country. When it comes to countries like China intellectual property laws are a cause of concern for companies operating in China. Hence verification of China intellectual property rights is important before venturing into Chinese markets.
In the recent years Chinese markets have gained prominence for the counterfeiting and infringement of trademarks etc. These serious loop holes in the IPR laws have become cause of great concern for the Chinese government. Steps are being taken by the government in the direction of implementation and enforcement of the laws strictly. But still there are certain companies that infringe trademarks even if they are registered by another company. This is usually done by registering it under another category. Hence rather than blindly venturing into the Chinese markets it is advisable to verify the China intellectual property listings. This might be a tedious job to be done by self but there are certain third party organizations that do the work for you. They generate quarterly reports about the patents and trademarks in question.
Other than this there are a few strategies to protect intellectual property rights in china. It is important to patent the technology or service in China even if it is patented elsewhere in the world. Failing to do so might create problems later in the business as there is a risk of infringement. Next the companies should employ practices to safeguard confidential information. For example keeping a check on who can have access to sensitive data and restricted areas like laboratories in the companies. This can ensure there is no data leakage at various levels. Lastly the best possible method is to keep the employees motivated so that they have complete job satisfaction and the company’s sensitive data is safeguarded. The Chinese government is very strict regarding certain manufacturers. Since, there are more than one hundred and thousand traders only from china, it is highly advisable to be cautious and make sure the complete verification check is performed.