Intellectual Property - Nemes Law Office

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When you ask someone what comes to their mind when they think of wealth, they will probably mention tangible things, like a house, a car, etc. However, over the past few decades, the greatest wealth and power has been concentrated around intellectual property, or KNOWLEDGE, since we live in an increasingly knowledge-driven society. The wealth that powers a business has shifted from the traditional means of production, such as landed property, labor and capital, to knowledge, which is intangible. Knowledge is a useful product of the human intellect or reason. Knowledge is indeed a tremendous power that, despite its intellectual nature, can turn a business around and contribute to its profitability.

In the past, traditional company managers believed that material assets such as land, buildings, machinery and money were the most valuable forms of property for a business. However, the world has changed a lot over time. More and more companies are now facing the fact that intellectual assets such as new knowledge or technical developments are becoming more and more valuable, while tangible assets seem to be having less and less impact on their competitiveness.

Knowledge + Creativity + Innovation = Intellectual Assets > Intellectual Property > Business

All of us know that, in today’s fierce market competition, continuous innovation and endless creativity are key to increasing competitiveness. Therefore, intellectual property moves towards the focus of attention. Not only large companies, but also small and medium-sized enterprises should strive to make the most of their intellectual property.

Intellectual property protection

We do not even need to ask if it is useful to insure a piece of real estate or a car against any damage. If knowledge and the intellectual property that arises from it have become so valuable, why should we not need to make sure that they are as safe as our other assets? This is exactly why businesses need to provide legal protection to safeguard their intellectual property. This protection consists of obtaining and maintaining intellectual property rights.

Protecting intellectual property is not an easy task; it is a separate profession, so we recommend consulting a professional in case of any questions. Every business manager should be aware of the basics, i.e., what kind of intellectual property rights different pieces of intellectual property can evolve into. Various groups of intellectual property can be protected by different intellectual property rights. Different intellectual property rights can be acquired for a variety of groups of intellectual property.

Intellectual property is an investment. As such, a good investment is crucial in increasing the market value of a business. Markets will always value your company based on its assets, current business performance and future profit prospects. The level of expected profit can be significantly influenced by, for example, the acquisition of key patents or other intellectual property rights. There are a great many examples of companies increasing their market value overnight by acquiring significant patents in key technical areas. Similarly, a good trademark with a good reputation among consumers can also increase the market value of a company, acting as a crucial factor in making the company’s products and services more attractive to customers.
It should be evident that, by properly protecting your business’s intellectual property, you „kill two birds with one stone.” In addition to protecting it against competitors, you also increase the value of your company and ensure its success.

Dr. Nemes Law Office has two decades of experience in the field of intellectual property protection.

We can provide the following services in the field of intellectual property:

intellectual property due diligence, compilation of an intellectual property portfolio,
Starting from 100,000 HUF + VAT
national and European trademark registration,
From 250,000 HUF + VAT
patent, utility model, design application,
From 500,000 HUF + VAT
reviewing the preparation of (license) contracts for the use of intellectual property,
From 250,000 HUF + VAT
handling disputes related to intellectual property infringement.
From 300,000 HUF + VAT

What our clients can count on us for:

intellectual property due diligence, compilation of an intellectual property portfolio,
national and European trademark registration,
patent, utility model, design application,
reviewing the preparation of (license) contracts for the use of intellectual property,
handling disputes related to intellectual property infringement.

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Frequently
asked questions
and answers

KNOWLEDGE and intellectual property are the most recent forms of capital.

My competition is copying my ideas: what should I do?

The fact that you are being copied shows that you are on the right track. However, it is worth taking the necessary steps immediately to protect your intellectual property.

I have received a letter from my competitor telling me not to use a term because it infringes their rights or violates the law. What can I do?

Contact a professional immediately to see if the notice is justified. If the notice is not justified, it is worth using tools not used by the other party!

I wish to get a domain, but it is already taken. What can I do?

It is worth consulting a specialist regarding the possibilities and checking whether the term is registered among the trademarks.

I wish to introduce something I have discovered or invented, but I do not want anyone to copy it. What should I do?

It is definitely advisable to use the available industrial property rights protection options before publishing.

I want to launch a new brand. What can I do to protect it from competitors?

A catchy brand name is a great start, but it is much safer if you also own the trademark for the term.

I want to build a franchise system from my existing business: what should I do?

Franchising offers a range of opportunities if someone wants to transfer their well-designed system to others – with appropriate guarantees and benefits. Make sure to contact a professional to set up the franchise system and contracts.

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