Types of Intellectual Property Protection

By: Munawar Gul

There are numerous benefits to intellectual property protection. Through it, your business enhances its market value. Other than that, it also increases your likelihood of developing profit-making assets from your ideas. Additionally, it also offers you an opportunity for marketing your business, products, and services. In many ways, you need it for brand protection. Nevertheless, before delving into these benefits deeper, you may want to understand the different types of intellectual property protection that exist in the first place.

Trade Secrets

If you’re running a business, then you might be aware of the tons of information that you encounter on a daily basis. Most likely, your business runs on all that information. Some of the information, however, needs protecting. Otherwise, it could fall into the wrong hands, which could portend bad news for your business. In this regard, trade secrets are worth it for any business that values the type of information it relies on to stay alive. A few examples of trade secrets include:

> Soda formulas
> Computer algorithms
> Survey results
> Customer lists

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