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.

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

Licensing

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

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

Latest Articles

It's OK to Have Questions When Starting a Business
Starting a Business

It's OK to Have Questions When Starting a Business

Starting a business can be scary, but don't let the questions and fears stop you.
Mike Kappel
Government Agencies and Hospitals Face Increasing Risk of IoT-Powered Cyberattacks
Internet of Things

Government Agencies and Hospitals Face Increasing Risk of IoT-Powered Cyberattacks

While there's hype surrounding the tremendous opportunity the IoT offers, there are still hazards that have yet to be properly addressed.
How to Revolutionize Your Small Business by Writing a Book
Small Businesses

How to Revolutionize Your Small Business by Writing a Book

Writing a business book offers opportunities to move you toward whatever your long-term goals are as well as growing market share.
Want a More Creative Team? Start by Taming Your Own Ego.
Leadership Skills

Want a More Creative Team? Start by Taming Your Own Ego.

Hyper-confident leaders often get the top job, but they don't bring out the best in everyone.
Michael Hollauf
10 Books Every Leader Should Read to Be Successful
Books

10 Books Every Leader Should Read to Be Successful

Reading is the only proven shortcut to success.
Deep Patel
5 Companies Innovating the Service Industry
Service Innovation

5 Companies Innovating the Service Industry

Learn why and how these businesses are innovating the service industry.
Dan Scalco
15 Science-Backed Memory Tips to Help You Succeed (Infographic)
Make More Happen

15 Science-Backed Memory Tips to Help You Succeed (Infographic)

Improving your memory is easier than you think.
Rose Leadem
The History of Online Gambling (Infographic)
Sports

The History of Online Gambling (Infographic)

How betting became a billion-dollar industry.
Jonathan Long
The 5 Best Payroll Options for Small Businesses
Payments

The 5 Best Payroll Options for Small Businesses

It's far cheaper to pay for somebody to keep your payroll straight than it is to pay the IRS if you tangle it yourself.
Jared Hecht
Why Some Startups Succeed (and Why Most Fail)
Make More Happen

Why Some Startups Succeed (and Why Most Fail)

There are a consistent set of factors that lead to startup success and failure
Patrick Henry,
5 Business Strategies To Boost Your First Quarter Sales
Sales

5 Business Strategies To Boost Your First Quarter Sales

Stop wasting money on ads that don't work and start using these tips to make more sales.
Kc Agu
Should I Work for a Big or Small Company?
business size

Should I Work for a Big or Small Company?

Know the typical traits for a big business and how they tend to contrast with the experience at a smaller operation.
The Surprising Artistic Beauty Still to Be Found in Muslim Countries
muslim

The Surprising Artistic Beauty Still to Be Found in Muslim Countries

These countries conjure mental images of violence and tragedy. But artistic entrepreneurship is still very much alive in those parts of the world.
Sherry Gray
3 Strategies to Nail Before You Launch Your Social-Media Campaign
Social Media Marketing

3 Strategies to Nail Before You Launch Your Social-Media Campaign

Planning and metrics are key to any successful marketing effort, yet many entrepreneurs rush into the social conversation with little idea of what they hope to accomplish.
Susan Solovic
5 Lessons in Entrepreneurship From Starbucks and Philz Coffee
Make More Happen

5 Lessons in Entrepreneurship From Starbucks and Philz Coffee

These two coffee brands found success by emphasizing customer experience and creating a genuine message.
Shayna Smilovitz
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.