Intellectual property rights are an increasingly important part of the modern business landscape. At the core of every new product and service brought to market lies an organization’s creative, intellectual, and financial investment. Securing and maintaining rights to the fruits of those efforts – the intellectual property – is critical to establishing a competitive portfolio and sustaining growth.
Intellectual property does not refer to one universal area, but is actually a catch-all term for many different types of rights, and involves distinct areas of law depending on the rights at issue. IP law addresses the allocation of rights bestowed after an idea is distilled to a specific and discrete form. Rights over the ideas themselves, in their abstract form, are rarely protected.