Intellectual Property (IP)
What is Intellectual Property (IP)?
Intellectual Property (IP) refers to legal rights that protect inventions, designs, trademarks, and other creative works. For startups, IP can be a valuable asset, providing competitive advantages by preventing others from copying or using their innovations without permission. Types of intellectual property include patents, trademarks, copyrights, and trade secrets.
Types of Intellectual Property
- Patents: Protect inventions or processes, giving exclusive rights to the patent holder.
- Trademarks: Protect brand names, logos, and slogans used in commerce.
- Copyrights: Protect original creative works such as literature, music, and software.