What Is Intellectual Property Damage?
Artists, inventors, scientists, and creators should protect their original ideas from others. Intellectual property laws protect property owners and inventors. Intellectual property laws foster new ideas, innovations, artistic talent, and inventions for economic growth by protecting creators' work. IP experts and laws safeguard intangibles. This includes product names, invention names, and author names. Because no one may physically possess intellectual property, personal property rules don't apply. Intellectual property laws safeguard the exclusive right to use or reproduce intellectual property, not its ownership. Sometimes, intellectual property laws preserve confidentiality. Intellectual property usually belongs to the creator or inventor. In some employment contracts, employers own what employees generate on the job. A licensing agreement might temporarily grant intellectual property rights. What's IP? IP refers to intangible property rights. Real property rights, l...