Intellectual Property in the Business World

Understand Business

When people talk about intellectual property, they maybe know it about copyrights, patents, and trademarks. However, it is true that copyrights, patents, and trademarks are the three main things about intellectual property in the business world. There are different laws and rules about intellectual property in different countries. People cannot totally understand every detail about intellectual property in other countries, even one nation. Intellectual property in corporate organizations is very complex because a lot of business models have changed. There will be talk about intellectual property in the business world in the United States.

In the United States, there are three ways to protect intellectual property. Through the use of patents, trademarks, or copyrights, people or corporate organizations can protect their intellectual property. However, all of them have their limitations. The form patents, copyright, and trademark are called the traditional IP. Designs, domain names, circuit layouts, confidential information, plant varieties, and trade secrets are called nontraditional IP, like literary works, musical works, pictorial, graphic and sculptural works, motion pictures and other audiovisual works, sound, recordings, architectural works, computer programs. This protection gives people or companies the…