Intelectual property

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In business, intellectual property is not only one of the most sensitive parts of business capital, but also a strategic investment that allows start-ups and large organisations to differentiate themselves and strengthen their position in local and international business markets. It is the core of your business, covering trademarks, patents, copyrights, trade secrets, software rights, innovation and technology patents and licences. 

In practice, our experience has shownwe find that businesses often face complex challenges such as IP management, inadequate IP protection, legal conflicts with competitors over IP infringement, attempts by competitors to copy products, services or technologies, and misappropriation of IP by current or former employees. Thus, IP challenges can not only be financially damaging, but can also have a significant impact on a company’s reputation and the long-term sustainability of the business. 

As your legal partner, the lawyers at Prevence lawyers are committed to ensuring that you fully validate and realise the value of your intellectual capital. Our Intellectual Property (IP) service package offers a comprehensive range of legal servicescovers a wide range of legal services: we provide our clients with general advice on how to effectively protect their intellectual property, and registration services for a wide range of intellectual property such as patents, trademarks and industrial designs. This package includes drafting the necessary documents and representing clients before public authorities. If necessary, we represent clients in disputes related to intellectual property infringements. Intellectual property capital is inseparable from the development of technology and the IT sector, so we represent clients in deals, drafting licensing and other agreements. 

Legal due diligence of intellectual property in deals

Although many companies believe that their intellectual property is adequately protected, practice shows that deals are often not concluded with sufficient consideration of the transfer/use or other aspects of intellectual property. Intellectual property due diligence is a crucial process in any business transaction, especially when the value of a company is closely linked to its intellectual property. 

The main purpose of this due diligence is to assess the quantity and quality of the assets involved in the transaction. It is also essential to evaluate whether the transaction poses any risk of infringing intellectual property rights, whether it contravenes existing legal provisions, and whether it will result in the transfer of rights whose sources are unclear or disputed. 

As part of this process, our law firm performs a detailed analysis and assessment to determine the status, validity and risks of intellectual property rights when engaging in business transactions involving the sale, partnership, investment, or licensing of a business. 

Representation in intellectual property infringement cases

Prevence dedicated team of lawyers offers a comprehensive legal service to clients facing intellectual property rights infringement. Our expertise spans a wide range of industries, ensuring that we understand the specific challenges of your sector. 

Services include identifying potential or actual infringements and assessing the legal implications, as well as skilled negotiation tactics to reach a favourable settlement prior to litigation. Consistent representation throughout the litigation process if required. 

We believe in a proactive approach that aims not only to resolve existing disputes but also to prevent future disputes, and therefore provide advice on IP protection and risk management. 

Intellectual property protection

One of the main challenges faced by businesses is the lack of protection of intellectual property. This can happen when companies do not invest enough resources in protecting their patents, trademarks, do not register their brand or design, or are not sufficiently informed about the potential threats in this area. 

We advise on the development of an IP strategy, advise on the registration of trademarks, patents and other rights, and advise on copyright, licensing agreements or the assignment of intellectual property. 

Experts

BOARD | MEMBER | MENTALITY

Gintarė Daukšė
  • Senior Associate
Edgaras Margevičius
  • Attorney at Law
  • Managing partner
Simonas Milašius
  • Associate
Projects

Client success stories

Passcamp

Since 2020, we have been providing UAB Passcamp with comprehensive legal advice on intellectual property matters, including guidance on white label agreements and resolving clients’ intellectual property issues.

Sneakybox

Since 2018, we have been providing UAB Sneakybox with legal advice on intellectual property law, with a particular focus on game development, production, and contractual agreements.

Lupasearch

Our legal services for UAB Lupasearch cover all aspects of intellectual property law, with a particular focus on protecting the intellectual property rights of their developed product.

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