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Intellectual property summary

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What is intellectual property? Why is it called "intellectual" property? Why is intellectual property such an important issue for entrepreneurial firms?

-Identify and briefly describe the three types of patents.
-What is a trademark? Why are trademarks important?
-What is a copyright? What is protected by a copyright?

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Intellectual property are a set of laws that protect the creation and design of products, words and pictures. It is called intellectual property because these types of items are created by the mind, thus the intellect. And intellectual property is extremely important to entrepreneurial firms because these types of firms are at the forefront of the creation of new products, pictures and ...

Solution Summary

What is intellectual property? Why is it called "intellectual" property? Why is intellectual property such an important issue for entrepreneurial firms?

-Identify and briefly describe the three types of patents.
-What is a trademark? Why are trademarks important?
-What is a copyright? What is protected by a copyright?

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