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What constitutes intellectual property?
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27th Oct 2009 by Roosevelt Segarra
Intellectual property is a legal concept where the government awards legal protection for ideas that are new, pioneering, or not obvious from what is currently in the market. Once awarded this legal protection, the inventor would have exclusive rights to this property for a certain amount of time. If another person or entity profits from the inventor’s protected intellectual property, the inventor may sue for money damages. Intellectual property has three subcategories, namely patents, copyrights, and trademarks. Each subcategory has different requirements and different procedures. Patents are the most popular form of intellectual property protection. A patent attorney would draft a patent document describing your idea much like a deed to a house describes the metes and bounds of your home.
Intellectual property is a legal concept where the government awards legal protection for ideas that are new, pioneering, or not obvious from what is currently in the market. Once awarded this legal protection, the inventor would have exclusive rights to this property for a certain amount of time. If another person or entity profits from the inventor’s protected intellectual property, the inventor may sue for money damages. Intellectual property has three subcategories, namely patents, copyrights, and trademarks. Each subcategory has different requirements and different procedures. Patents are the most popular form of intellectual property protection. A patent attorney would draft a patent document describing your idea much like a deed to a house describes the metes and bounds of your home.
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This answer is the subjective opinion of the writer and not of FinancialAdvisory.com
26th Oct 2009 In Legal
1 Answers | 50 Views
Subjects: intellectual property,
intellectual property rights,
