Back to top

Intellectual Property

Intellectual Property (IP) Refers to Creations of the Mind

IP rights (copyright, patents, trade marks, design rights and trade secrets) usually give the creator an exclusive right over the use of his/her creation for a certain period of time.

IP (creations of the minds) play a key part in the intellectual capital of a business entity – the value of a company’s employee knowledge, skills, business training, or any trade secrets that may provide it with a competitive advantage. It is the sum of employee expertise, organisational processes, and other intangibles that contribute to a company’s bottom line whether micro or macro.

IP rights protection is an essential ingredient to foster innovation. If protection is lost, ideas, businesses and individuals would not reap the full benefits of their creative minds and would focus less on research and development.

The BCFA and ACID Partner Relationship

The BCFA and ACID have worked collaboratively for many years and have formalised this by entering into a new Partner arrangement to support BCFA members in protecting their rights in this area through education and access to ACID support and resources. To find out more about ACID click here.