‎‍⚖️ Regardless of what product your enterprise makes or what service it provides, it is likely that it is regularly using and creating a great deal of intellectual property. This being the case, you should systematically consider the steps required for protecting, managing and enforcing it, so as to get the best possible commercial results from its ownership. If you are using intellectual property that belongs to others, then you should consider buying it or acquiring the right to use it by taking a license in order to avoid a dispute and consequent expensive litigation. Hence, registering and taking the appropriate action in protecting your Intellectual Property helps to protect your welfare and the company’s welfare from being copied as a means of unfair trade.

Derived from https://www.wipo.int/sme/en/ip_business/importance/relevant.htm