Intellectual Property (IP) Flashcards
1
Q
What is IP
A
IP is intellectual property
2
Q
What is IP?
A
It is something unique that you physically create - this could be anything, business name, invention, art etc
3
Q
What does protecting your IP do ?
A
It is easier to accelerate legal proceedings in the event that someone wants to imitate your IP - known as infringement
4
Q
How can you protect your design and IP ?
A
- Copyright and design rights
- Patents
- Registered designs
- Trademarks and logos
- Also open design
5
Q
Is an idea Intellectual property ?
A
No
6
Q
Can IP be bought and sold ?
A
Yes
7
Q
How much of a businesses value can IP be worth ?
A
If managed properly, IP can be worth up to 70% of the business
