Small Business Encyclopedia

Category: Inventing

Copyright

Definition: Exclusive legal rights that protect works of authorship, composition or artistry. A copyright protects the publication, production or sale of the rights to a literary, dramatic, musical or artistic work or computer program or to the use of a commercial print or label.

Intellectual Property

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.

Invention

Definition: An object, process or technique that displays an element of novelty. In certain circumstances, legal protection may be granted to an invention by way of a patent.

Licensing

Definition: A business arrangement in which one company gives another company permission to manufacture its product for a specified payment

Patents

Definition: A form of protection that provides a person or legal entity with exclusive rights for making, using or selling a concept or invention and excludes others from doing the same for the duration of the patent

Prototype

Definition: A replica of a product as it will be manufactured, which may include such details as color, graphics, packaging and instructions

Trade Secrets

Definition: Information used by a business, which can be legally protected that is secret to the general public and is critical to the livelihood and success of a business

Trademark

Definition: Any symbol, word or combination thereof used to represent or identify a product. A service mark means the same thing, but identifies a service.

Free Business Tools

Forms

Forms

Download and customize these free forms:

Partnership Agreement

Cashflow Worksheet

Employment Application

Calculators

Calculators

Evaluate and analyze your financials:

Cash Flow

Starting Costs

Discounted Cash Flow

Ads by Google

Latest Articles

Should You License Your Product?
Ask the Money Guy

Should You License Your Product?

An expert breaks down the good and the bad of licensing to help you decide.
No Gender Bias Figured Into What These Franchisees Chose to Do
Franchise Players

No Gender Bias Figured Into What These Franchisees Chose to Do

They used to be in oil and gas; now these guys are into waxing. No, not cars -- women's legs.
Why This Little Pickle Stand Is a Symbol of Big Innovation
Family Businesses

Why This Little Pickle Stand Is a Symbol of Big Innovation

For the company behind Horman's Best Pickles, there's never a 'dill' moment.
Carly Okyle
How to Set Prices for Your Child-Care Service
Starting a Business

How to Set Prices for Your Child-Care Service

Learn to determine pricing that will make you a profit but won't scare away parents.
The Staff of Entrepreneur Media, Inc.
The 12 Steps to Happiness That You Create (Infographic)
Happiness

The 12 Steps to Happiness That You Create (Infographic)

This feeling that we all strive for is a path we choose, not a destination to arrive at.
Jurgen Appelo
5 Ways to Be Present With Your Startup, Not Pestered By It
Leadership

5 Ways to Be Present With Your Startup, Not Pestered By It

The line between being mindfully engaged and completely consumed by your startup can become hazy over time.
Paresh Shah
6 Barriers to Referral Success
Referrals

6 Barriers to Referral Success

Implementing a referral process sounds simple in theory, but it's easier said than done. Here are the challenges -- or better put, the excuses -- that can derail your best referral intentions.
Joanne Black
6 Steps to 'Dancing' Through Conversations With Your Business Partners
Business Partnership

6 Steps to 'Dancing' Through Conversations With Your Business Partners

By having honest, respectful, productive conversations with your partner, you will find the rhythm to help you smoothly and purposefully dance your way through business relationships.
Valeh Nazemoff
6 Tips on Getting Customer Feedback and Making It Actionable
The Grind

6 Tips on Getting Customer Feedback and Making It Actionable

While qll entrepreneurs know that customer insights are invaluable to product design and continued improvement, acquiring and organizing useful feedback is easier said than done.
David Chait
Conferences Are Good for Networking but Great for Marketing
Marketing

Conferences Are Good for Networking but Great for Marketing

Even a tedious conference is a good opportunity to get you and your product in front of potential customers.
Derek Newton
Here Is the Equation for Increasing Your Sales Team's Success
Sales

Here Is the Equation for Increasing Your Sales Team's Success

The "sales velocity equation'' is a simple and ingenious formula for examining the variables you can adjust to close more deals sooner.
Andre Bourque
8 Ways to Make Certain Optimism Doesn't Blind You to Signs You're Going Broke
Small Business Financing

8 Ways to Make Certain Optimism Doesn't Blind You to Signs You're Going Broke

Never stop believing you will succeed and never stop watching for signs you are failing.
Jared Hecht
What You Can Learn From Misty Copeland About Achieving the Impossible
Inspiration

What You Can Learn From Misty Copeland About Achieving the Impossible

The American Ballet Theater promoted the unlikely ballerina to the highest rank this week, making her the first black principal dancer in the company's 75-year history.
Catherine Clifford
Lessons on Innovation and Evolution From 3 Top Hip-Hop Artists
Success Strategies

Lessons on Innovation and Evolution From 3 Top Hip-Hop Artists

Many of the best hip-hop artists have managed to survive and thrive over decades of changing music, economic storms and technology shifts.
Matthew Toren
2 Little-Known Retirement Savings Plans Tailored for Entrepreneurs
Retirement Savings

2 Little-Known Retirement Savings Plans Tailored for Entrepreneurs

To make your later years golden, start saving in your salad days.
Scott Puritz
More Articles

About Encyclopedia

No matter what business topic you're interested in, you'll find our category list is an easy way to navigate our small-business encyclopedia. From Accounting and Advertising to Location and Operations, every topic offers information on the terms that matter most. And if you can't find what you need here, our "Terms A - Z" list makes tracking down terms a snap.

Ads by Google