Intellectual property refers to creations of the intellect for which a monopoly is assigned to designated owners by law. Intellectual property rights are the rights granted to the creators of Intellectual property and include:
Intellectual property has a very broad scope and thus it can be said that Intellectual property rights include patents, copyright, industrial design rights, trademarks, plant variety rights, trade dress, geographical indications, and in some jurisdictions trade secrets. There are also more specialized or derived varieties of sui generis exclusive rights, such as circuit design rights (called mask work rights in the US) and supplementary protection certificates for pharmaceutical products (after the expiry of a patent protecting them) and database rights (in European law).
All businesses have intellectual property, regardless of their size or sector.
Thus, it goes without saying that all businesses have intellectual property, regardless of their size or sector. This could be the name of your business, copyright, designs, patents, and trademarks. Your Intellectual property is likely to be a valuable asset. Securing and protecting it could be essential to your business’ future success. In the other words, Intellectual property often translates directly to monetary gain. If you don’t know how to adequately protect your intellectual property, your business is at risk.
Intellectual property often translates directly to monetary gain.
The importance of protecting your Intellectual property can be more easily understood as follows: if you do not protect it, you will have to risk the losing one of the following:
As such, there is no doubt that, in a business, intellectual property is everywhere. The name that you choose will be your trademark, even the smallest new process created within your firm may be patentable, and much of the creative work of your employees will be protected by copyright. Protecting your intellectual property rights is protecting your business, so you must claim your intellectual property rights before it’s too late.
Have questions? Talk to an experienced intellectual property attorney today! Contact us.
Today, March 18, 2021 the House of Representatives passed the American Dream and Promise Act.…
The Supreme Court has made it harder for undocumented immigrant in the U.S. to prevent…
The H1-B nonimmigration worker application process for each fiscal year (FY), which starts on October…
On August 30, 2020, USCIS adopted as practice a AAO decision finding that TPS holders…
As soon as Governor Newsom announced the strict requirements needed to reopen public schools in…
The Obama-era Consideration of Deferred Action for Childhood Arrivals (DACA) program has been through a…
View Comments
It's awesome that intellectual property can include copyright and patents. My brother has an idea for a product that he'd like to sell in the future, and he wants to make sure that no one else can steal it. I'll share this informant with him so that he can look into his options for licensing that property.
You made a good point that the very name of a company, no matter how small, is already part of its intellectual property assets. My dream is to climb up the corporate ladder in a gaming company and I am well aware that intellectual property is a big deal for businesses like that. Perhaps I should learn more about the ins and outs of IP by trying to attend conferences about it.