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Intellectual property covers a wide range of business assets, from copyright to trade marks, and patents to design rights. If you have a business, you are likely to own intellectual property and make use of other people’s intellectual property within your business activities. Intellectual property lets people own the work they create. It can be any of the following:
Intellectual property can be very valuable and there are businesses, such as computer games companies, that exist simply to develop intellectual property or even take advantage of it. It is important to protect your business by securing your intellectual property rights. It is equally important to avoid infringing the rights of other businesses.
The way you can protect your intellectual property depends on what exactly it is:
Copyright is granted to the person or organisation that creates published artistic work, which includes writing, film music and computer software. Unlike most other forms of intellectual property, copyright is granted automatically when the work is first published.
Patents protect inventions, including the features and processes that make things work.
Trademarks are symbols that differentiate between goods and services and can be logos or brand names.
Designs can be protected by registering them, and through design right.
Digital intellectual property can be protected in other ways than using the law, such as encryption and using digital signatures.
If you are a running or indeed looking to grow your business there is a lot of free guidance available to you to help you make the right decisions.
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