Define and explain the various forms of intellectual property that can be owned by a business. How can a business protect these various forms of intellectual property from theft and infringement? Fully explain your answer.
First, a general definition and examples of intellectual property:
What is Intellectual Property?
Intellectual property refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.
Intellectual property is divided into two categories: Industrial property, which includes inventions (patents), trademarks, industrial designs, and geographic indications of source; and Copyright, which includes literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. Rights related to copyright include those of performing artists in their performances, producers of phonograms in their recordings, and those of broadcasters ...
In the 448 word, cited solution, the definition of intellectual property is first explained complete with examples of typical types of assets. Intellectual property can have unique protections under the law including the four listed in the solution. There are four paragraphs listing the ways a business can protect itself and its assets.