Regulatory Costs of registering intellectual property will vary depending on the country where an application is filed. In addition to that, it depends on the invention’s complexity as well. The Dubai lawyers help you recognize the true value of intellectual property and prepare you to invest in securing ownership.
They have credible expertise and vast knowledge through which they can help you. They are experts in this domain and can support you legally. They also have all the recent advancements in the law and current affairs all around the globe.
Costs to Acquire Intellectual Property Rights
Below are some common costs are known to acquire the rights of intellectual property. You need to know them before you opt for a legal step. Moreover, it is advised to have the assistance of a legal consultant.
- Application Cost
An application cost is payable when filing for the registration of intellectual property. Different fees will be charged for the different intellectual property depending upon the nature of the intellectual property. Moreover, it depends on the location that the user wants to register.
- Cost of Maintenance
The governing authorities of intellectual property may require the applicant to file an intent to use a statement. A Statement of Use is simply a declaration from the applicant that they have started using their intellectual property for commercial use. The authorities charge as per the class of goods/services for filing the Statement of Use.
Once the intellectual property is registered by the Dubai lawyers, the owner has to file a declaration for the continued use of the intellectual property.
- Renewal Cost
The renewal fees must be paid on time in the country where the intellectual property right is effective. Any default in the payment results in the loss of the IP right. The owner is responsible for maintaining and tracking the usage of their intellectual property and paying the appropriate periodic government renewal fees.
Therefore, once you decide to avail of intellectual property rights, you need to understand the various costs. The Dubai lawyers can help you in understanding its value and the information required. They are available for you all over the UAE including, Sharjah, Ajman, Fujairah, and Abu Dhabi.
They can save both your time and energy. Moreover, they are very critical about the reputation of their clients. They also know how to treat their clients in the best possible way.