Intellectual Property
Intellectual property (IP) refers to creations of the mind that carry commercial value. Think: inventions, designs, works of art, brand names, and trade secrets. IP law grants creators and businesses exclusive rights to use and profit from their innovations while preventing unauthorized use by others. For businesses, intellectual property is a key asset that helps establish brand identity, maintain a competitive advantage, and protect unique products or services. IP protection can take several forms, including trademarks, copyrights, patents, and trade secrets, each governed by specific federal and state laws.
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