Intellectual Property Protections Empower Businesses to Safeguard Innovations and Boost Economic Growth
The article explains the four types of intellectual property: patents, copyrights, trademarks, and trade secrets. It discusses how to identify intellectual property and what makes an intangible asset qualify as intellectual property. Intellectual property is a valuable asset that is legally protected. Patents are for inventions with utility, copyrights are registered for legal protection, and trade secrets are confidential information with commercial value.