The guide to Superyacht law - Fourth edition

INTELLECTUAL PROPERTY Intellectual property (IP) is concerned with creations, such as inventions, literary and artistic works, designs, and names and symbols used in a commercial context. IP can be legally protected, for example by way of copyright, designs, patents and trade marks. These rights ensure that inventors and designers are recognised for and profit from their work, and are protected against the misuse and/or misappropriation of their works by others. IP includes such rights as: confidential information and trade secrets, copyright, database rights, design rights, domain names, know-how, patents and trade marks. Our intellectual property lawyers have a wealth of experience advising on the full range of intellectual property rights covering the management, protection, exploitation and enforcement of IP, and reputation management and privacy issues in relation to superyachts. Whether you are creating the exterior design of a superyacht or the design of an internal feature of a superyacht, you should consider: • How to protect your IP • How you want to use your IP going forward and the extent to which you want to allow third parties to use it • Whether to license the right to use your IP or to assign the rights in your IP to another party • How you want to restrict the use of your IP - you must be specific or you risk misuse and infringement • Who will own the IP - for example if you are only contributing to one aspect of a design, be clear who will own the design and avoid the pitfalls of joint ownership • What consideration do you want for the use of your IP – is a one-off payment sufficient or do you require payment on an ongoing basis via royalty payments

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