Intellectual Property Essay Example | Topics and Well Written Essays - 500 words

Intellectual Property - Essay Example The inventor of an intellectual property is not supposed to resign the company after creating a property in order to write his or her name as the inventor of that property. Intellectual property is a very important thing for any company. If a company acquires some other firm or company, it also acquires the right of intellectual property of that firm or company. For the proper protection and exploitation of intellectual property, the business owners need to be aware of how and when they created the intellectual property. Once the business owners create the intellectual property, they need to manage their intellectual property portfolio, capture and maximize value of the innovative ideas, monitor the infringements, and enforce the intellectual property rights. Intellectual property is a unique thing, which differentiates a person or a company for other people or companies. For example, a symbol or a logo is intellectual property of a company, which represents the company in the market . Unauthorized use of intellectual property has given rise to a number of court cases. Experts strongly recommend the companies to protect their intellectual properties using four different methods, which include patents, trademarks, copyrights, and trade secrets.