Definition
Intellectual property (IP) refers to the body of legal rights, including patents, trademarks, copyrights, and trade secrets, that protect creations of the mind.
Why It Matters Legally
Managing IP holistically protects a company’s innovations, brand, and content. A coordinated IP strategy maximizes value and minimizes the risk of gaps competitors can exploit.
Example Use Case
A startup develops an IP strategy combining patents for its technology, trademarks for its brand, and trade secrets for its processes.
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Related Terms
Patent, Trademark, Trade Secret, Copyright, Patent Portfolio