Question

What are some of the reasons that intellectual property requires different legal protections than tangible or real property? Give examples  

Answer 1

he intellectual property refers to precious assets that belong to your venture. They are the most essential that your venture may have. There are various reasons why it is important to protect the Intellectual property. The reasons are as follows. The protection positions your venture apart from your opponents. In this way, your competitors may not be able to copy your products since the laws protect you. Secondly, the protection serves as revenue stream especially when you want to sell your venture or license it. Thirdly, it forms the basis for branding and marketing of the products. Fourthly, the protection may act at the security for acquiring financial help such as loans from Banks and other financial institutions.

The protection covers and protects your business for things like the name of the firm and logo, trademarks, designs, patent, copyright, intellectual work and inventions, where someone or firm cannot do anything in your name.