The phrase Intellectual Property (IP) is often used in business but what is it, what does it cover and what impact does it have on your business?
Intellectual Property is something that results from the expression of an original idea. This means that it could be a brand, an invention, a design, a song, document or another intellectual creation. There are four types of IP, Patents, Trademarks, Designs and Copyright. You can also have more than one IP for an item, for example, you may have produced a CD and have the copyright on the music, lyrics, sleeve cover artwork and your logo is a Trademark. In this article I’m going to focus on copyright as this is a very common form of IP.