Ask a question to Desklib · AI bot
Added on -2019-09-22
Intellectual Property is considered as a human intellect product that is intangible in nature but has a significant value in the marketplace. It is known as intellectual property because it is a product of the creativity, human imagination, and inventiveness. Apart from benefits, intellectual property also brings a lot of problems for business organizations. It is considered a big issue for them. Most of the business organizations have thought that their physical assets like equipment, buildings, and land as the most significant assets. But, the intellectual assets are more important than physical assets. We will see Intellectual Property Theory and Practice in detail.
Trusted by 2+ million users,
1000+ happy students everyday
From the above report, we see intellectual Property is considered as a human intellect product that is intangible in nature but has a significant value in the marketplace.The patent is considered as a government license that provides the holder a large number of rights to a design, process, or new invention for a particular period of time. Application of patent handles by a government agency of the concerned country. The three important and effective patient forms are Design, Utility, and Plant. Trademark is considered as a symbol, device, name, or word utilized to measure the originality or source of a product or service or to differentiate those products from among available alternatives. The importance of a trademark can significantly judge by seeing its popularity.
You are reading a preview
Upload your documents to download
or
Become a Desklib member to get accesss