July 25, 2019
Intellectual property is a broad term that covers a range of intangible assets resulting from creations of the mind, such as inventions, literary works or videos. In a business context, IP arises from the creativity of employees and/or owners, such as text and images on websites, manuals and other documents, inventive processes, products or brand names – just to name a few. IP can be registrable and non-registrable, and both types have their uses and their place in managing a business. Examples of non-registrable IP may include copyright, circuit layout rights, trade secrets and confidential information, while registrable IP encompasses patents, registered designs, trade marks and plant breeder’s rights. The following list provides a brief description of the main IP types: Patents are registrable rights that protect the functionality of a product or process, i.e. the way it works, such as the working of an…