In a sign of the growing struggles that judges face applying old laws to new technology, the U.S. Supreme Court this year is hearing the highest proportion of intellectual property cases in its history.
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Definition: The ownership of ideas. Unlike tangible assets to your business such as computers or your office, intellectual property is a collection of ideas and concepts.
There are only three ways to protect intellectual property in the United States: through the use patents, trademarks or copyrights. A patent applies to a specific product design; a trademark to a name, phrase or symbol; and a copyright to a written document. All three methods have limitations--there's no one perfect way to protect an idea.
Don't let intellectual property theft and business sabotage steal your great idea.
Entrepreneurs lose millions of dollars each year due to intellectual property theft and business espionage. Here are five tips to make sure your idea is protected:
Competitors in emerging markets can't be allowed the advantage of pirated technology.
On multiple occasions, I’ve come across images of wire and sheet metal baskets on Chinese and Indian competitors’ websites. They don't just look like our baskets. They are our baskets, being portrayed as the fruit of someone else’s engineering.
While the American public’s and the media’s attention has been focused on the seemingly endless cycle of political dramas that unfold every day–the impending fight over the debt ceiling, the potential government shutdown, the debate over the budget deficit and our long-term fiscal problems, an international crisis in Syria that was ineptly handled by American leadership–the US has quietly been involved in critical trade negotiations that, when codified, may fundamentally alter how we do business with certain parts of the world.
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