Freelancing and consultancy - What about intellectual property rights

The Managing Director of CoGen Consulting Group, Mr Narath CHHEAV had joined the EuroCham’s Webinar on Freelancing and Consultancy - What about intellectual property rights, on July 13th, 2022.

Intellectual property (IP) is a set of ownership rights that protects a person's or a company's creation. These rights are important for enterprises because they can not only be used to protect products but can also be used as beneficial business tools.

A consultant's intellectual property is any content related to deliverables owned by the consultant. This property includes documentation, derivative works, or anything created by the consultant in pursuit of his or her work.

Protecting the intellectual property rights (IPR) of freelancers and consultants can be tricky since both parties (contractor and consultant) can claim ownership. In the end, it's based on the written agreement that was signed before work commenced. Freelancing is a booming trend over the past decade. According to financesonline.com, there are an estimated 1.1 billion freelancers worldwide as of 2021, which accounts for 35% of total global workers.

As a chamber, we are well aware of how essential IPR is for business activities, especially for those working on their own without protection from organizations.

Source: EuroCham Cambodia