Cyprus Intellectual Property Protection

Cyprus Intellectual Property Protection

Cyprus : Protection of Intellectual Property

Intellectual Property is an important asset of any business. Intellectual property can take various forms such as copyright, a patent, a trademark or a service mark, an industrial design or model.

Protecting intellectual property is important because it is a commercial value for your business. As the owner of intellectual property, you have the exclusive right to permit other people to use it and you can charge a fee, called royalty, for such use. A well-known trademark can enhance your competitive advantage and business reputation in the market.

Depending on the type of intellectual property, the product or service to which it relates, and the target market intellectual property can be protected nationally, EU-wide or internationally.

Apart from offering protection to intellectual property in Cyprus and across the EU, Cyprus also offers international protection as it participates in the WIPO Convention, Performances and Phonograms Treaty and Copyright Treaty. Cyprus is also a signatory to several international treaties and conventions such as the Madrid Agreement, the Patent Cooperation Treaty, the Paris Convention, the Berne Convention, the Trademark Law Treaty, and the Phonograms Convention.

The table below illustrates how intellectual property is protected.

Our lawyers are experienced in obtaining protection of intellectual property for our clients and would be happy to advise on the best available protection, prepare the paperwork, apply for the protection and negotiate and resolve any objections.