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What is considered intellectual property?

Ohio entrepreneurs and business owners know that they have many things they need to protect in order to grow their businesses and help them to thrive. In addition to trade secrets, marketing and sales plans or other information, companies may also need to guard what is often called intellectual property. It is important that you understand exactly what is meant by this term so that you can protect it if and when necessary.

According to the World Intellectual Property Organization, there are two main categories of intellectual property. Both types of intellectual property may be protected with rights that allow the owner or the creator to benefit from the protection. It also prevents others from benefitting from the work in some way. In the business world, company names, slogans and logos are often protected as intellectual property just as actual new products can be. Owners of copyrights or trademarks, for example, can grant the right to use their works in specific instances.

One of the types of intellectual property is the copyright and the other is what is referred to as industrial property. The former covers creative works including music, movies, writings, paintings and architectural designs. A copyright essentially guards against any unauthorized use of or reference to a work. A second type of intellectual property is called industrial peroperty. This includes trademarks, inventions and industrial designs.

This information is not intended to provide legal advice but is instead meant to give Ohio entrepreneurs and business owners an overview of what types of intellectual property are recognized.

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