What Is Intellectual Property?

By Maryl Joop


Intellectual property refers to creations of the mind such as inventions, literary and artistic works, symbols, names images, and designs used in commerce. You can divide intellectual propertyF into two categories: Industrial Property: This includes items such as inventions, trademarks, and industrial designs.

Copyrights: Can include works such as novels, poems, plays, films, musical works, drawings, paintings, photographs, and sculptures. In today's modern world of the internet and computers it can be a challenge to protect intellectual property. In many cases the theft of intellectual property can lead to time in jail and heavy fines. However, it is still a growing problem throughout the global community. Many corporations or individuals depend on the law and attorneys to protect their rights and intellectual property.

When you are looking for a home, you need to ask yourself, "Will I be able to live financially comfortable if I buy this home?" When you ask questions like this, you will have to answer it by factoring in your mortgage payments and what your down payment will be. Then figure out what you have been paying for rent in the past.

As we discussed earlier there are two main types of intellectual properties industrial and copyright property. We are going to discuss four main branches of intellectual property. Here are the following: Patents: Are directed and include inventions, machines, and devices, methods of manufacturing, compositions, chemicals, mixtures, business method, and software.

This will allow them to ease up a little and be more flexible with you. Also when it is all said and done, you will want to make some changes or repairs once you buy the house and that will take a little bit of money to start out with.

Some people know attorneys, whether they are friends, family members or neighbors. For others, they might not know any attorneys and will need to do some research.

Trade Secret: Can cover patents, but is focused more on trade or company information which is secret. It gives the company an advantage over competitors because others cannot receive or obtain information on another company's secret. It is important to note there are some down sides or challenges to each of these elements of intellectual property.

Here are some examples of the short-comings: Patents: Having something patented does not give you the right to practice the invention or use it. It gives you the right to exclude others from using or doing what you have invented.

This is where a lot of people get hung up but there are a lot of resources out there to help first-time buyers out. Make sure you are using all of the resources out there to get ahead. Everything from tax deductions to interest free loans to help you start can be great stepping stones.

Trademarks: Is anything which identifies the product or service. This can be a color logo etc... You have to use it in commerce, marketing material. It cannot be a generic name, it has to be specific. It needs to be distinctive, and the more unique the better.




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