Intellectual Property

The Importance of Intellectual Property:

  • Intellectual Property
    • Is any product of human intellect that is intangible but has value in the marketplace.
    • It is called intellectual property because it is the product of human imagination, creativity, and inventiveness.
  • Importance
    • Traditionally, businesses have thought of their physical assets, such as land, buildings, and equipment as the most important.
    • Increasingly, however, a companys intellectual assets are the most important.        
      The Four Key Forms of Intellectual Property:
      Patents, Trademarks, Copyrights, Trade Secrets  

      Three Basic Requirements for Obtaining a Patent

      The Process of Obtaining a Patent:

      The Process of Obtaining a Trademark

 
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