Intellectual property (IP) is an organisations ownership of a unique concept, which could come in the form of a new invention or product, branding or even a trademark name.

Small companies, in particular run the risk of competitors stealing their IP, resulting in loss of market share. Therefore, it is vital that organisations implement efficient measures to avoid duplication of their intellectual property.

The protection of intellectual property Is different for every business; however, all organisations should automatically obtain intellectual property rights to a certain extent. Although, an organisation may have to register their IP, depending on the type of intellectual property they have.