To maximize the sale price of your business you need to prepare well. One thing that’s often forgotten however is protecting your brand and any technology you own. The proper protection of your business branding is likely to add significantly to the sale value – any sensible prospective purchaser will want to ensure that any intellectual property rights in your branding have been property safeguarded. So make sure, for example, that you have registered any appropriate trademarks – which you may be surprised to discover is not particularly expensive.
Furthermore have you ensured protection of your company’s trade secrets and know-how? Furthermore, have you made sure that anyone who has done design work or software development work for you, for example, has transferred the design rights and other intellectual property to you?
Don’t enter negotiations unprepared – do your homework first – protect your branding and intellectual property.
For further information about intellectual property visit our specialist Intellectual Property Lawyer website or contact our specialist intellectual property solicitors and trademark attorneys for free initial phone intellectual property advice – it could save you a fortune.