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What makes up “IP”
August 7, 2009 – 2:00 pm by Lance Michalson
When we draft contracts, we are often asked to “make sure that we own the IP”. In most instances, clients don’t understand the concept of “IP” or what it is made up of. As we now live in a word of convergence, it is becoming more and more necessary to identify exactly what the “IP” comprises and be able to identify the different ‘ingredients‘ of the cake, and who owns each ‘ingredient as well as the metaphorical cake itself“.
IP stands for “Intellectual Property”
This is a right in our law that enables a person or company to prevent others from conduct which would give them an unfair trade advantage. IP is divided into a number of different categories, the more important ones are the following. To aid your reading subscribers can download an Intangible Asset Grid by
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