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Intellectual Property

    Intellectual Property Editor's Picks

    • How to Write Intellectual Property Into a Contract

      Think about the major events in your life and there's a good chance a contract was involved. From jump-starting a business to launching a marriage, there are papers to be signed and agreements to be approved---moves that become particularly critical when it comes to protecting your intellectual property. Whether you've designed a... more »

    • What Is a Corporate Lawyer?

      A lawyer addresses the practical concerns of their clients through the application of legal ideas and precedents. They are highly educated and licensed. A corporate lawyer specializes in matters affecting the creation, operation or dissolution of a corporation and often, but not always, has corporations as their clients. more »

    • How to Trademark a Creative Effort

      The United States Patent and Trademark Office (USPTO) is the governing body for trademarks in the United States. Trademarks are issued to original logos and images used by businesses and individuals for commercial purposes. While intellectual property laws apply to these images without trademarks, you, the creator, can improve your... more »

    • What Is a Patent?

      Article I, section 8 of the U.S. Constitution empowers Congress "to promote the progress of science and useful arts, by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries." The first such law was enacted in 1790. Since then, the concept of patent protection has been a... more »

    • How to Get a Copyright on an Idea

      People naturally want to protect great ideas. The U.S. Copyright Office provides guidance for people who want to protect their intellectual property in the form of ideas. The process takes a bit more work than having a thought, but is well worth the extra effort if the idea is worth copyrighting. more »

    Intellectual Property Quick Guides

    Intellectual Property Articles

    Wikipedia

    Intellectual property



    Intellectual property (IP) is a number of distinct types of legal monopolies over creations of the mind, both artistic and commercial, and the corresponding fields of law.Intellectual Property Licensing: Forms and Analysis, by Richard Raysman, Edward A. Pisacreta and Kenneth A. Adler. Law Journal Press, 1999-2008. ISBN 973-58852-086-9 Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions.

    Although many of the legal principles governing intellectual property have evolved over centuries, it was not until the 19th century that the term intellectual property began to be used, and not until the late 20th century that it became commonplace in the United States."Lemley 2005"> " property as a common descriptor of the field probably traces to the foundation of the World Intellectual Property Organization (WIPO) by the United Nations." in Mark A. Lemley, , Texas Law Review, 2005, Vol. 83:1031, page 1033, footnote 4.

    Objectives
    Financial incentive
    These exclusive rights allow owners of intellectual property to reap monopoly profits. These monopoly profits provide a financial incentive for the creation of intellectual property, and pay associated research and development costs. Some commentators, such as David Levine and Michele Boldrin, dispute this justification.R000000>

    Economic growth
    The legal monopoly granted by IP laws are credited with significant contributions toward economic growth. Economists estimate that two-thirds of the value of large businesses in the U.S. can be traced to intangible assets. Industries which rely on IP protections are estimated to produce 72 percent more value added per employee than no read more at » http://en.wikipedia.org/wiki/Intellectual+property

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