Intellectual property is vital for businesses commercialisation strategies because these intellectual property rights provide businesses with the time and opportunity to exploit inventions and creations.There are different types of intellectual property which are important for owners to consider when starting or running a business:
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Intellectual property is a product of the human intellect or creation of the mind. Like physical properties, business can legally protect intellectual property to prevent unauthorized use or execution without consent. It can be a set of intangible assets, such as patents, trademarks, trade secrets, copyrights, or simply ideas.
PatentsA patent is an exclusive...
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