Intellectual Property and Inventing Rights

April 1, 2009
Intellectual Property News and Interesting Facts

Every enterprise inevitably produces original concepts, processes, and operating procedures. These unique creations qualify as “intellectual property,” which has commercial and strategic value for the company.

In the same way that a company protects its inventing rights for the products and services it delivers, it also should protect its inventing rights for all of its intellectual property.

Surely, every company recognizes the value of its logo and registers it as a trademark; and every company recognizes the value of its premier product or service, securing a patent for it. Companies do not always so easily recognize the value of their client lists, training manuals, standard operating procedures, production guidelines, and other one-of-kind creations. They, too, represent major business assets and have financial value.

Every company should secure its inventing rights to intellectual property as aggressively as it protects its inventing rights to its products.