Intellectual property is a fortress for protecting your assets; you can guard these assets by attacking (sword) and defending against (shield) your competitors.
At last week’s Entrepreneurship 101 lecture, Arshia Tabrizi, Founding and Managing Partner of Tabrizi Law Office PC, introduced the basics of identifying and managing intellectual property.
Different types of IP exist for different purposes, depending on what type of idea you have: patent protection, trademark protection, copyright protection and confidential information. This article will give you an idea of the different types of IP that exist and whether you are pursuing the right one: Protecting your idea from others.
Now that you know a little more about what types of IP are out there, why should you care? Because IP is a money making tool. Plain and simple.
For more on how intellectual property ties into your Business Model, watch this Quick Hits video:
To watch the entire lecture, click here.
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Next week’s lecture: Financial Planning