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ARTICLE · 05 MARCH 2024

Building A Solid Intellectual Property Foundation For Startups In Nigeria

Adeola Oyinlade & Co
Adeola Oyinlade & Co
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Adeola Oyinlade & Co

Adeola Oyinlade & Co

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Intellectual property (IP) includes valuable tangible or intangible intellectual creations of individuals such as concepts, brands and inventions that give the owners certain exclusive rights.

NigeriaIntellectual Property
Adeola Oyinlade
Adeola Oyinlade
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Intellectual property (IP) includes valuable tangible or intangible intellectual creations of individuals such as concepts, brands and inventions that give the owners certain exclusive rights. These rights are called IP rights (IPR). Protecting IP rights is crucial for businesses, both large companies and startups. Intellectual Property Laws in Nigeria are enacted to regulate and protect all aspects of IP rights.

The Intellectual Property of startup companies are their most valuable assets in a competitive market. Their products and services in the market not only generates revenue for them but also gives them a competitive advantage, market visibility and attracts investors. Achieving market leverage will be very difficult if startups do not secure their IPs by registration and licencing.

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