Intellectual Property handout - Adam J Blades...

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Adam J. Blades Entrepreneurship Welter 04/28/2013 Intellectual Property Intellectual Property is the expression of ideas and comes in many forms (assets such as trademarks, patents, and trade secrets) "Creation of the mind"; Supports innovation Intellectual property in the U.S. is worth over $5 trillion dollars (Annual U.S. GDP of $14 trillion dollars) Intellectual property accounts for more than half of U.S. imports Over 18 million people in the U.S. work in IP-related industries (Over 100 million worldwide). The industry is expected to grow rapidly over the next 10 years Intellectual Property can be owned, bought, and sold. Two categories of IP: Industrial Property (Patents, Trademarks) and Copyright (Artistic or Literary) Intellectual Property Rights dates back to the 19th century (Paris Convention) Three Areas of IP Rights: Patents, Trademarks, and Copyrights Patent - Document provided by the government thats describes an invention or idea and identfies the creator and holder of a patent. The patent can be exploited only with proper authorization from the owner of the patent.
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