With intellectual property monetisation and management a
core influencer of business and economic performance, Asia has
established itself as a global innovation powerhouse.
Based on 2014-15 World Economic Forum data:
Three of the world's ten most competitive countries, as
ranked by the World Economic Forum, sit within Asia: Singapore (2),
Japan (6) and Hong Kong (7).
Three of the world's ten most innovative countries rest
within the region: Japan (4), Singapore (9) and Taiwan (10).
Asian markets provide some of the most exciting opportunities
for growth – within some of the most challenging and dynamic
intellectual property frameworks.
Many Asian countries have relatively young IP systems
Many of their governments are still reconciling the demands of
foreign trading partners, including as they relate to their rules
on patents, trademarks, copyright, trade secrets and other
intellectual property rights violations
Though a large number of IP professionals practise in the
region, there is significant variance and inconsistency in the
degree of skill and competence on offer.
The countries in which IP protection is sought today will have a
significant influence on the IP owner's well-being in the
future. Fortunately, booming industries, such as manufacturing,
electronics and healthcare, are placing pressure on Asian
governments to strengthen the available IP protection. Remarkable
progress has been achieved through a combination of legislation,
law enforcement, capacity building, education and international
Nevertheless, ensuring your IP position in Asia is as strong as
possible – and enforceable, should the need arise – is
paramount to success in Asia. Shelston IP has a wealth of
experience, built up over decades, in obtaining and enforcing IP
rights across Asia – seamlessly and cost-efficiently.
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
Shelston IP ranked one of Australia's
leading Intellectual Property firms in 2015.
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The Ugg boots case revolves around who holds the trade mark rights to the word 'Ugg' in relation to sheepskin boots.
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