How to best protect your physical assets is an obvious and important consideration for any agricultural business. But that same consideration isn’t always applied to non-physical assets, as is often the case with an operation’s intellectual property (IP). When most think about IP, they more than likely think of new inventions or patents. But there is IP in more aspects of an agricultural business than one might expect – agronomic and telematic data or other trade secrets, for example.
An operation’s IP protection needs are best assessed alongside their goals on a case-by-case basis. Taking active steps to protect IP can help keep investments secure, maintain a competitive edge and bolster investor confidence. No matter what industry your business is in, it’s critical that you carefully consider how your IP is being protected, just as you would your other business assets.
Note: This article is of a general nature only and is not exhaustive of all possible legal rights or remedies. In addition, laws may change over time and should be interpreted only in the context of particular circumstances such that these materials are not intended to be relied upon or taken as legal advice or opinion. Readers should consult a legal professional for specific advice in any particular situation.
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