Small Business Encyclopedia
Category: InventingCopyright
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
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
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.
Patents
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
Licensing
A business arrangement in which one company gives another company permission to manufacture its product for a specified payment
Prototype
A replica of a product as it will be manufactured, which may include such details as color, graphics, packaging and instructions
Trade Secrets
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
Any symbol, word or combination thereof used to represent or identify a product. A service mark means the same thing, but identifies a service.
Popular Articles
Want to Expand Your Market Overseas? Here's Everything You Need to Know About Global Logistics in 2024
With rising geopolitical tensions and changing market conditions it can be hard for businesses to navigate supply chain logistics even in a post-pandemic world. Here are three tips from the CEO of an international customs brokerage.
63 Small Business Ideas to Start in 2024
We put together a list of the best, most profitable small business ideas for entrepreneurs to pursue in 2024.
Elvis Presley's Granddaughter Fights Graceland Foreclosure, Calls Paperwork 'Forgeries'
The 13.8-acre estate was scheduled to be sold in a public foreclosure auction on Thursday. Presley's granddaughter and heir, Riley Keough, is fighting to save Graceland in court.
Scarlett Johansson 'Shocked' That OpenAI Used a Voice 'So Eerily Similar' to Hers After Already Telling the Company 'No'
Johansson asked OpenAI how they created the AI voice that her "closest friends and news outlets could not tell the difference."
Target Is Lowering Prices on Thousands of Items — Here's Where You Can Expect to Save
The news was announced ahead of Target's Q1 2024 earnings call, expected to occur Wednesday at 10 a.m. EST.
The Psychological Impact of Recognition on Employee Motivation and Engagement — 3 Key Insights for Leaders
By embedding strategic recognition into their core practices, companies can significantly elevate employee motivation, enhance productivity and cultivate a workplace culture that champions engagement and loyalty.
