Developing a business without any IP protection is tantamount to fighting in a war zone without any armor for defence. Without IP protection, your business is vulnerable to counterfeit products, price cut, loss of market share, IP hijacking and many other unknown risks! Thus, it is imperative for business owners to take all the necessary steps to protect their IP.
Protection of Intellectual Property
Generally, the law protects IP according to the following categories of trademark, patent, copyright, industrial design, plant variety protection, geographical indication and trade secrets. IP protection can be obtained by way of registration or voluntary notification with Intellectual Property Corporation of Malaysia or the relevant authorities in foreign countries.
Registered IP will be granted exclusive use of the IP by the registered owner. Any unauthorized use of the registered IP will be liable for civil damages and/or criminal sanction.