Owners of intellectual property (IP) have many ways to protect
their valuable assets. Perhaps, the most obvious way is to register
intellectual property in the relevant jurisdictions and then
enforce those IP right against third party infringers.
When it comes to doing business in which your IP is involved,
specially in Latin American countries, two key points should be
taken into account: (1) that your IP rights be registered before
the relevant governing body, and (2) contracts should be drafted in
writing and IP should be covered in such agreements.
In regards to the first point, it is very important to protect
your IP by means of registration, since, unlike what happens with
copyright in which it is enough with the creation of the work to be
considered the author. In the case of industrial property, the
right is acquired through registration. If there is no
registration, it will be very difficult to defend the rights of
unauthorized use by third parties.
