As the world celebrates World Intellectual Property Day on April 26 – it is always a good reminder to take a step back and reflect on strategies that American can use to keep their intellectual property (IP) safe and secure.
But first, what is IP?
According to the Global Innovation Policy Center, IP is a set of laws that protect creative and innovative products through legal rights called patents, copyrights, and trademarks. It is sometimes described as property that is a product of the mind or a product of intellectual capital. While the source, goals, and forms of IP are different, they can all be seen as protecting and encouraging creative efforts.
IP encourages new works and new products by protecting the ability of creators and innovators to make a living from those new works and products. IP is the promise that those who combine the spark of imagination with the grit and determination to see their vision become reality in books, technology, medicines, designs, sculpture, services, and more will have opportunities to reap the benefits of their innovation.
Check out this infographic to get a closer look at 4 ways Americans can protect their IP: