The following articles have been created as part of GHB Intellect’s IP Blog. Here you will find articles that outline current topics in the intellectual property industry like new technologies, patent laws, and IP service insight.
A trade secret is a way to protect information from being used by competing companies. The best examples of this are how Coca-Cola has kept their recipe a secret for many years and how KFC protects their 11 herbs and spices recipe.
In a corporate transaction, domain names are often bundled together with trademark rights. A lot of businesses, but not all, incorporate their trademarks into their domain names.
Many businesses choose to hire independent contractors instead of full-time employees. There are lots of good reasons to do this, but as with all choices in business, it’s important to be properly informed.
In order to understand the question, “what is intellectual property theft,” one needs to first understand what is classed as intellectual property. Then once you confidently grasp what intellectual property is, you can have a greater understanding of how to protect your own intellectual property, as well as what you can do to avoid intellectual property theft.
Intellectual property, including patents, trademarks, and copyrights, is not a tangible thing. These assets do not all last forever, and in some cases, they need to be maintained in order to remain something that can be protected under IP.
Intellectual property contributes in a big way to both the national and state economies. Dozens of different industries across the economy rely on the proper enforcement of their patents, trademarks, and copyrights.
IP valuation works by evaluating the fair market value of these assets. It helps to determine the value of the IP and the true value of the company in general. IP often represents some of the most valuable assets that a company has, and therefore, it’s very important.
Intellectual property can easily increase the value of your company. For this reason, you have to make sure that you are managing your assets properly as this will give you an edge when the time comes for you to sell.
Do you own the rights to intellectual property? This may include artwork, design, or an invention, which you need to safeguard from illegal copying. If so, it would be best if you had the assistance of an intellectual property valuation expert.
Selling a patent is a time-consuming and complicated affair, so having a proper approach and tools is critical to achieving a desirable outcome.