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Intellectual property rights cover trade marks, brand names, designs, copyright and patents. Many companies are finding hidden value in their intellectual property rights. Indeed some large food and other companies are even writing the value of their brands into their accounts. However many other companies lose considerable value because of their failure to register inventions, and their failure to enforce their intellectual property rights.

Many of the new industries depend heavily on such rights, these range from internet and software companies and their dependence on copyright and the patenting of discoveries by the highly successful British biotechnology industry. …