It also might be the words or symbols by which your firm is identified. These assets are important resources to a business. Because of today's expanding electronic connections, it has become easy for others to pirate this type of resource. Protecting those assets has become more important now than ever. As a business owner, it is important to understand what these various words and symbols represent, how to obtain them, and what legal protection they offer.
Intellectual property represents the products of creative minds.
In its broadest interpretation, intellectual property law covers the legal protection of innovations, ideas, and how these items are transferred between people. This law includes patents, trademarks, copyrights, trade secrets, and trade dress. The survival of your business would be harder without a mechanism to protect this property. There are five primary areas of intellectual property law. Copyright - These protect original works of creative expression in a fixed and tangible medium and gives the creator the exclusive right to their use, display, and reproduction.