Does your business actually own its intellectual property assets?
Unfortunately, this is an area many businesses get wrong because they fail to have the right contracts in place with their contractors and vendors.
Without a doubt, disputes then arise over ownership of intellectual property when the business starts to accumulate real value such as when it is growing, looking at investment, or exploring acquisition.
Contractors and vendors often take advantage of the situation to assert rights and these disputes derail and delay the business from moving forward in its growth plans.
Businesses should ensure they are investing in their contracts from the start so that they can effectively move on to scale, get funded, and/or get acquired.
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