Intellectual property

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Intellectual property: What is it?

There are three major types of intellectual property: copyrights, trademarks and patents.

Copyrights include literary and artistic works, trademarks include brand names and designs, and patents include inventions. These creations of the mind can be owned, sold, and licensed to others.

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So, what goes into an Intellectual Property:

  • What it is

    Be able to describe and categorize the work and know how it's protected. 

     

  • Who owns it

    Have the ownership information ready.

  • Who's buying or licensing it?

    Have the assignee or licensee’s info ready, too.

     

  • What laws will govern the agreement

    Know which state's laws will be used if there's a dispute.

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