Issues and Challenges Faced by Entrepreneurs in Intellectual Property

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1|P a g e Intellectual
Table of Contents
Introduction...........................................................................................................................................2
Intellectual property..............................................................................................................................2
Issues faced by entrepreneurs in intellectual property.........................................................................3
Patents...............................................................................................................................................4
Trademarks........................................................................................................................................5
Copyrights.........................................................................................................................................6
Conclusion.............................................................................................................................................7
References.............................................................................................................................................8

2|P a g e Intellectual
Introduction
Intellectual property is the result of the creativity such as patent, trademark and copy
right which helps company or owner of the intellectual property rights from its misuse. This
essay shows the imperativeness of the intellectual property rights and challenges and issues
faced by the owners of the intellectual property rights from the ill-intentioned persons. This
essay gives the through details on the intellectual property rights which could be used to
restrain the infringement.
Intellectual property
There are several intellectual properties which could be used by organization and
persons to run the business effectively. Intellectual property can be defined as the category of
property in which the creation related to the intangibles made by the human being lie.
Intellectual property is nothing but the inventions and innovations made by the human mind
to make the work easy. This essay focuses on the issues and challenges of the intellectual
property rights and policies and laws to protect these rights from infringements. It is the type
of support which keeps the business different from those of others in market. These human
intangible creations include the trademarks, patents and copyrights. There are many other
creations also which includes moral rights, trade secrets, and rights against unfair competition
and publicity rights (Melnyk, Bititci, Platts, Tobias & Andersen, 2014).
Intellectual property plays an important role in a business as it tries to increase the
assets of the company. On the other hand, intellectual property helps in constituting the most
valuable assets in the early phase of the companies or businesses. The businesses care about
the IP very effectively as they get the competitive advantage and freedom to operate in the
market without the fear that anyone can copy the idea or theme (Becerra-Fernandez &
Sabherwal, 2014). This intellectual property rights should be kept safe and secure by
company to keep its business distinguishes and secure from others.
Intellectual property plays an important role in managing properties and other things.
Nowadays, many entrepreneurs are playing the important role in intellectual property rights.
New business and franchising are getting a hike in the market. On the other hand,
entrepreneurs are the one who initiates new and innovative ideas in the market (Kurpinski, et
al. 2014). So there is always a need to protect them and all their ideas can be protected by