Intellectual Property (Ip)
| Intellectual Property (IP) refers to a type of intangible asset that can be legally protected against unauthorized copying or selling. IP can include trademarks, copyrights, patents, and trade secrets. IP is a valuable form of business asset because it can give a company a competitive advantage in the marketplace. For example, a company that has developed a new and unique product can use patents to prevent other companies from making, using, or selling the same product. A company that has a strong brand name can use trademarks to prevent other companies from using a similar name or logo. And a company that has developed a new and unique manufacturing process can use trade secrets to prevent other companies from learning and using the same process. |
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