Intellectual Property

Intellectual property is commercial assets in intangible forms. Intellectual property refers to products of human mind and ingenuity. Intellectual property includes inventions, designs, marks, creative artistic and literary works, and trade secrets. The intellectual property is protected through patent, copyright, trademark, and trade secret laws. The government agencies, such as United State Patent and Trademark Office grants patents and trademarks; and the U.S. Copyright Office grants copyrights.

• Patents protect inventions such as machines, manufactures, processes or compositions.
• Trademarks protect names, and symbols associated with goods and services.
• Copyrights protect literary and artistic expressions, such as writings, paintings, sculptures, and music.
• Trade secrets protect business information including formulas, practices, processes, designs, instruments, patterns, or compilations of information that have inherent economic value and that is generally not known to the public.