Why is intellectual property relevant to SMEs in the automotive components sector?

Whatever kind of automotive components your SME makes, it is likely that it is regularly using and creating a great deal of intellectual property (IP). This being the case, you should systematically consider the steps required for protecting, managing and enforcing IP, in order to get the best possible commercial results from its ownership. If you are using IP that belongs to others, then you should consider buying it or acquiring the rights to use it by taking a licence in order to avoid a possible dispute and consequent expensive litigation.

Sustainable Development Goals:

Industry, Innovation and Infrastructure

Peace, Justice and Strong Institutions