150 FAQs to Consider When Internationalising Your Intellectual Property
IP, as intangible assets, are key to the competitiveness of your business in the global economy. IP is a primary method for securing a return-on-investment in innovation, creativity and reputation and is particularly relevant to SMEs as they internationalise their businesses to non-EU markets. Apart from helping you protect your innovations from competitors, IP assets can also be an important source of cash-flow for SMEs through licensing deals or IP sales. They are also a significant pull-factor for attracting investors.
For the protection of your rights, it is highly recommended that you register your rights before you attend trade fairs, meet with potential partners or start to sell online. Once you entered the market you will most likely have limited options to take preventive action or the cost and risk will be higher.
It is important to note that IP rights are territorial, meaning that IP is enforceable in a third country only upon valid domestic registration.
Source: IPR HUB