That's a big 'what if' that many small to medium sized enterprises don't consider until it's too late. The big companies have lawyers on retainer to watch their backs and ensure their rights are protected and enforced. But businesses with turnovers of $250,000 to around $5 million don't have the luxury of a full time 'watchdog'. So, what can you do?
The first step is to take a good look at your business' intellectual property. That's your logo, your slogan, your corporate colours and all your promotional material and photographs. It’s also your designs and any inventions. You may assume that because you paid for it, you own it - but the law says otherwise. For example, your graphic designer, writers, photographers - the people who created the original work - are probably the real owners of the copyright in anything they produce for you.
You need to protect your rights - and it is easy really. (Remember, when you are ready to sell, a potential purchaser of your business will probably want a guarantee from you that you own all the rights to your branding.)

Caterina Cosentino, a former partner of Blake Dawson, is a consultant with CG Lawyers. Caterina and I offer you audits of your copyright, trade marks, designs and even patent assets. We can also check that you are keeping your confidential information safe. We'll identify if you have any 'grey' areas in your protection of these assets and advise you on what you can do to rectify any problems.
Do you really have a complete picture of what intellectual property assets you have, and do you really own them all? Find out for sure.