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Tag: Types and Importance of Intangible asset

<strong>Intellectual Property 101: Types and Importance of Intangible Assets</strong>

Intellectual Property 101: Types and Importance of Intangible Assets

Entrepreneur & Lifestyle
Intellectual property (IP) is a term used to describe the intangible assets that result from a person or entity's creative work. These assets are protected under intellectual property laws, which ensure that the owner has the exclusive right to use and profit from their work. This article will discuss the different types of intellectual property and their importance to businesses and individuals. Visit us for more info: Types of Intellectual Property  Patents Patents protect inventions and ideas. They give the inventor the exclusive right to manufacture, sell, and use their invention for a specified period. Patents can be granted for products, processes, machines, and even software. They are essential for businesses that rely on innovation and ...