Indeed, most people are not even aware that they own intellectual property. They assume only large corporations with profitable names, logos and brands to protect are the only ones who really possess a need to safeguard intangible assets. But basically anything that is written, visually created, and unique to an individual is intellectual property which means that millions of individuals own more than they believe.
According to WIPO (World Intellectual Property Organization), âintellectual property (IP) refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.â Divided into two categories, IP includes industrial property and copyright. And both are equally as valuable since the ramifications of not protecting these assets can be serious.
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Last date updated on September, 2024