“Why pay renewals fees?”
Overall, renewal fees are an investment in protecting and maximising the value of your IP assets.
- Allows individuals and businesses to retain exclusive rights over their intellectual property for a longer or longer period of time
- Ongoing protection on IP assets can translate to continued revenue streams
- Renewed IP rights allow owners to license or sell their IP
- Maintaining IP rights over time can enhance the overall value of your business, attracting investors or during mergers and acquisitions