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How do you value intellectual property assets? There are four core valuation methodologies. To learn more, read here.
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DIFFERENT TYPES OF INTELLECTUAL PROPERTY
WHAT IS INTELLECTUAL PROPERTY? Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce. Patents, copyrights, and trademarks enable people to earn recognition or financial benefit from their invention or creation. IP is protected by law. Source: World Intellectual Property Organization
4 MAJOR TYPES OF INTELLECTUAL PROPERTY 1. 2. 3. 4. Patent Copyright Trademark Right of Publicity
PATENT A patent is an exclusive right granted for an invention, which is a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem. To obtain a patent, technical information about the invention must be disclosed to the public in a patent application. Source: World Intellectual Property Organization
COPYRIGHT Copyright (or author’s right) is a legal term used to describe the rights that creators have over their literary and artistic works. Works covered by copyright range from books, music, paintings, sculpture, and films, to computer programs, databases, advertisements, maps, and technical drawings. Source: World Intellectual Property Organization
TRADEMARK A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks are protected by intellectual property rights. Source: World Intellectual Property Organization
RIGHT OF PUBLICITY Right of publicity is a form of intellectual property right that protects against the misappropriation of a person’s name, likeness and perhaps other indicia of personal identity for commercial benefit. Source: International Trademark Association
For IP consulting and valuation services, contact CONSOR Headquarters 7342 Girard Avenue, Suite #8La Jolla, California 92037 P: 858.454.9091 F: 858.454.7819 England Gold Mercury Building13 Chesterfield StreetMayfair, London W1J 5JN P: 44 207 193 2807 Germany V.I.P. BuildingPoststrasse 3320354 Hamburg P: 49 40 440101 New York One Rockefeller Plaza11th FloorNew York, New York 10020 P: 800.454.9091.