Q: What is intellectual property?
A: Intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs, and symbols, names, and images used in commerce.
Q: What are the four types of intellectual property protection available in Nigeria?
A: The four types of intellectual property protection in Nigeria are patents, trademarks, copyrights, and industrial designs.
Q: How long are patents protected in Nigeria?
A: In Nigeria, patents are granted for 20 years from the date of filing.
Q: How long are trademarks protected in Nigeria?
A: Trademarks in Nigeria are protected for ten years from the date of filing, and they are renewable indefinitely.
Q: How long are copyrights protected in Nigeria?
A: Copyrights are protected in Nigeria for the life of the author plus 70 years after their death.
Q: How long are industrial designs protected in Nigeria?
A: Industrial designs are protected in Nigeria for 15 years from the date of filing.
Q: Why should SMEs and startups protect their intellectual property?
A: Protecting intellectual property can give SMEs and startups a competitive advantage in the market, attract investors, and generate revenue.
Q: How can SMEs and startups protect their intellectual property?
A: SMEs and startups can protect their intellectual property by conducting a comprehensive search, filing for protection with the Nigerian Intellectual Property Office (NIPO), and monitoring and enforcing their IP rights.
Q: How can a business law firm in Nigeria help SMEs and startups protect their intellectual property?
A: A business law firm in Nigeria can provide legal advice and support to SMEs and startups in protecting their intellectual property rights, ensuring that they have a competitive edge in the market.
