Who Owns IP in a Business Partnership? Avoiding Costly Disputes
When two or more partners start a business together, intellectual property (IP) is often overlooked. Who owns the trademark, branding, website, or product designs? What happens if one partner leaves?
Many entrepreneurs assume they own their work outright—until a legal dispute arises. At Landry Legal, PLLC, we help business owners establish clear agreements to prevent conflicts and protect their company’s assets.
Why IP Ownership Needs to Be Defined Early
Without a written agreement, all intellectual property created during a partnership may be considered jointly owned—even if one partner contributed more. This can lead to disputes over ownership, licensing rights, and control of assets.
Common Problems in Business Partnerships:
- Co-founders split, and both claim ownership of the company’s branding.
- A former partner starts a competing business using shared intellectual property.
- One partner trademarks the company name under their personal name, leaving others with no rights.
Key Ways to Protect Your Intellectual Property in a Partnership
✔ Include IP Clauses in Your Partnership Agreement
Clearly state who owns what—including logos, domain names, product designs, software, and trade secrets.
✔ Register Trademarks and Copyrights Under the Business, Not an Individual
A business entity should hold ownership, ensuring no one partner can take control.
✔ Define Exit Terms for IP
Specify what happens to intellectual property if a partner leaves or the business dissolves.
✔ Use Non-Compete and Confidentiality Agreements
Protect trade secrets and prevent former partners from using shared IP against the business.
Need Legal Guidance? Protect Your Business Today
Don’t wait until a dispute arises—secure your intellectual property before problems start. If you need help drafting a strong partnership agreement, email us at contact@landrypllc.com or call now at 888-914-0011 to safeguard your business assets.
