What is intellectual company?

Intellectual Property Protection Primer – Business  February 3, 2010 – 01:00 pm
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A lot of small businesses are founded on high technology or a breakthrough concept. If you’re a technopreneur, and the inventor of a property (software, technology, idea or process), have you looked at how to protect your ownership of the same? Don’t look puzzled – protection of your intellectual property (IP) rights is as important as creating the property itself.

Many entrepreneurs have got into a mess by not paying adequate attention to intellectual property rights. Let’s say for example, that Mr. Smith has invented a new engineering process while being employed with a company. The company may have patented the same and acknowledged Mr.Smith as the inventor. However, the patent belongs to the company and not to person who invented it. If Mr.Smith decides to start his own business, he has no right to use the same technology.

There may be other cases where a trademark or copyright infringement might occur inadvertently – for example with a brand name or logo that bears a strong similarity to another. Think twice before you model your business logo after the Big Blue, regardless of how much inspiration you’ve drawn from them.

Undoing an intellectual property rights violation fiasco may be expensive and fraught with difficulty. Therefore, it is best to take adequate precaution beforehand.

Source: Raw Business Law

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