Intellectual property law deals with the rules for securing and enforcing legal rights to inventions, designs, and artistic works. Just as the law protects ownership of personal property and real estate, so too does it protect the exclusive control of intangible assets.
The purpose of these laws is to give an incentive for people to develop creative works that benefit society, by ensuring they can profit from their works without fear of misappropriation by others.
Infringement (in Intellectual property law) refers to the unauthorized use of intellectual property. To protect against infringement, owners should take steps to put the world on notice that their rights exist. Providing notice helps deter infringement by making the owner’s rights more visible to those who might inadvertently violate them.
It also triggers additional legal benefits, and puts the owner in a better position to prosecute an infringement in court, if that becomes necessary.
If infringement does occur, rights to intellectual property can be enforced in Federal High Court. Before filing a lawsuit, however, owners will want to consult with an attorney and carefully consider whether litigation is in their best interests.
In the event an owner of intellectual property does sue, and the lawsuit is successful, a number of remedies will be available. The court can order an injunction, meaning the infringer must stop what it is doing. Substantial money damages may also be available.
In addition, once the owner’s rights are established in court, the infringer may agree to a license agreement. This allows use of the intellectual property to continue, with payments going to the owner.
Abiodun Adesanya & Co. provides profound services in Intellectual Property; and thus is available to help owners who are looking to establish, profit from, or defend such rights.
The solicitorial wing of the Firm vigorously engages in the drafting, structuring and clausing of contracts such as:
- Copyright Assignment Agreement
- Copyright License Agreement
- End User License Agreement
- Invention Agreement
- Patent Assignment Agreement
- Patent License Agreement
- Proprietary Information Agreement
- Technology Transfer Agreement
- Trademark Assignment Agreement
- Trademark License Agreement