This post is also available in: Spanish. Intellectual property IP is a broad term that encompasses a number of types of intangible assets; and, for most businesses, these assets are essential to how they deliver products and services to their customers on a daily basis. In this article, we will focus on three main types of intellectual property in the United States: copyrights, patents, and trademarks.
However, it is important to note that there are other types of IP in the U. When it comes to managing IP from a legal perspective, there are three main components to an effective strategy. These are: protection , monitoring , and enforcement.
While some IP rights arise automatically for example, in the U. In the U. Copyright Office. As someone who is growing a business overseas, perhaps the most important thing to know is that IP protection is country-specific. In other words, a registration in the U. Similarly, using a trademark abroad will generally be insufficient for maintaining a registration with the USPTO. This can often create issues for companies seeking to expand globally.
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Most businesses have intellectual property of some type, but they do not always recognise it. How do we defend our copyrights? Next Develop an intellectual property strategy. Another option is to file under one of the various treaties and international pacts that provide for consolidated filing on an international level. IP audits can be general in scope or can be focused on a particular event or type of IP. Intellectual property, put simply, is the product of original thought and endeavour. Think about how valuable it is by considering the consequences for you if a competing business started using key elements of your brand without your permission.
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