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Intellectual Property Overview

Intellectual Property Overview - Intellectual Property...

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1 Intellectual Property Patents, trademarks, and copyrights are collectively known as intellectual property and generally refer to the rights associated with intangible knowledge or concepts. Intellectual property may be a concern if your business is developing (or has developed) a product, process, or concept that you are going to market. Here's a short description of some of the issues pertaining to patents, trademarks, and copyrights, which should help you get a better feel for what they are: Patents. A patent is a grant of a right to the inventor by the U.S. (or some other) government. The right embodied in a patent allows the inventor of the right (or the patent holder, if the patent has been assigned) to exclude others from making or using the invention for a period of time, usually 20 years. Patent searches can be conducted to find out if someone else already has a patent on a product, process, or concept that you're going to build or market. This is possibly the most complex legal specialty, and you should look for help from a qualified patent attorney. You should sooner defend yourself for murder than take a chance on a do-it-
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