Why is Intellectual Property Important to You? It Depends on Your Perspective
Talking about intellectual property (IP) is more fun--and meaningful--when you think about it from a specific perspective.
Like any asset, the value of IP can depend on who owns it and how they intend to use it.
Here are several different perspectives on the value of IP from the roles of people and organizations who most commonly talk about intellectual property.
What is the legal definition of Intellectual Property?
- Intellectual Property is a category of rights, including patents, trademarks, copyrights, and trade secrets, that derive from intellectual creations and can be registered for the benefit of its creators or assigned owners.
How does the government view Intellectual Property?
- Intellectual Property is the set of rights we grant to inventors and authors to incentivize scientific improvements and creative arts.
Why is Intellectual Property important to businesses?
- Intellectual Property defines tools to protect the value of our ideas that give us a defensible competitive advantage.
What makes Intellectual Property valuable to inventors?
- Intellectual Property protects my invention from being stolen by big businesses, sneaky manufacturers, and investors.
Is Intellectual Property important to brands?
- Intellectual Property protects the formal brand assets we’ve created to express our unique image to customers.
Why is Intellectual Property important to creatives and designers?
- Intellectual Property allows me to control how my artwork is used and distributed.
What do software developer think about Intellectual Property?
- Intellectual Property is a regime for slow-moving businesses who don’t innovate fast enough to build a customer base and stay ahead of the competition.
How do universities use Intellectual Property?
- Intellectual Property creates recognized, contractual vehicles for transferring research from professors to commercialization partners.
How is Intellectual Property useful to a researcher or scientist?
- Intellectual Property recognizes the contributions I’ve made in my field and allows me to provide a form a validation to investors and funding sources.
What do authors think about Intellectual Property?
- Intellectual Property gives me rights to build a writing, speaking, and consulting empire around my thought leadership.
Bankers and CFOs think Intellectual Property is important. This is why...
- IP is a valuable business asset that can be collateralized for debt financing when it is potentially enforceable against high value assertion targets.
A CEO uses Intellectual Property for the business.
- Intellectual Property is a potentially valuable asset class to report to the board and entice equity investors.
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