Intellectual property has many forms, but it is usually described as something that an individual owns, rather than as something that belongs to a company or business. The term “Intellectual Property” can be misleading though, since it can mean a great deal of things.
It is possible for an inventor or a creator of a patented product or service to be able to own their intellectual property after they have already received their patent. Usually, this happens when a company buys out the inventor’s rights to the invention, which means that the company owns the patent rights to the product or service. However, if the inventor is able to continue selling their product or service under their own name, they can also continue to do so.
Intellectual property rights are one of the most important parts of a business’s legal structure. It is vital for a company to understand exactly what they need in order to protect their intellectual property and, because it is what sets them apart from the competition.
One other thing that can help protecting a company’s intellectual property rights is having one’s name registered at the Patent Office. For example, if an inventor wants to trademark her/his name, s/he must apply for and receive a trademark from the Patent Office.