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THE IMPORTANCE OF INTELLECTUAL PROPERTY IN BUSINESS

Intellectual property is becoming an increasingly important business asset. Intellectual property refers to innovations in the form of copyrights, patents, and trademarks. Examples of intellectual property include novel inventions, artistic works, literary works, and distinctive signs pertaining to a company. Protecting intellectual property allows a company to grow by sharing…

INCORPORATING A BUSINESS

When starting a business, it is important to research the different types of business entities to determine which one is best suited for your business. The most popular business entity is a corporation. Incorporating your business will make the business a legally separate entity from the owner. A corporation can…

SUPREME COURT UPHOLDS PRECEDENT PROHIBITING ROYALTY COLLECTION ON EXPIRED PATENTS

On June 22, 2015, U.S. Supreme Court ruled against the inventor of a Spiderman toy who claimed that a 50-year-old precedent barred him from collecting the royalties he was entitled to. The court declared collection of post-patent royalty as unlawful and upheld the precedent set by Brulotte vs. Thys Co.…

ARE YOU READY TO FILE FOR A PATENT?

The United States Patent and Trademark Office (USPTO) grants patents for the protection of inventions. Patent holders have the exclusive right to make, use, or sell an invention for a certain period of time. Filing a patent application is a complex process but it is necessary for the legal protection…

POWER OF ATTORNEY

In the event that you are incapable of making decisions for yourself, assigning the power of attorney to a trusted relative or loved one is important in protecting your assets. The power of attorney is a legal document where an individual, also known as the principal, can appoint another individual…