Areas to Control I-Z

Control - I.P

What is Intellectual Property (or IP)?
Intellectual Property, (also abbreviated as IP), is property that is created with intellect. You may have developed a design or written a manual or created a program. While it is not a property you can buy and sell, it is nevertheless an asset to the business.

Although you cannot always physically touch it – nevertheless it has great value and contributes to generating profit.

Identify and Protect Your IP
Every business should carefully identify and record the IP assets that their business develops. Employees, who are in paid employment, develop a lot of the IP in a business. The IP is not necessarily there at the start of the business, because the majority of IP will be part of what the business works on.

For example, if your company is developing business software and your staff is employed in the various stages of that development, even if the software is sold to generate income in its own right, there exists a ...

Membership required (FREE)

The rest of this article is freely available to StartRunGrow members.
Not a member? Join Here - Its FREE!