Intellectual Property Is Intangible Property

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Intellectual property is intangible property that can be owned by law. The Law protects the four following areas. 1) Copyright- grants the creator of an original work exclusive rights for its use and distribution. 2) Trademark- a symbol, word, or words legally registered or established by use as representing a company or product. 3) Patent- is the protections of an individual’s invention and the way its use. 4) Trade Secrets- A trade secret is a formula, practice, process, design, instrument, pattern, commercial method, or compilation of information not generally known or reasonably ascertainable by others by which a business can obtain an economic advantage over competitors or customers. Broadly speaking, any confidential business information which provides an enterprise a competitive edge may be considered a trade secret. The Crime Intellectual property theft involves taking a person’s idea, invention or their creative expression and claiming it to be your own. This can include software, movies, trade secrets, and more. Stealing intellectual property can be done with little to no effort for relatively no cost. By just copying the other persons ideas or their product. From the other persons idea the thief gets a large profit. By doing that the person commits Intellectual Property Theft and can cost the owner of that property jobs, tainted reputation, government tax revenue, and incite the continuation of gangs and organized activities. Destroying people along the way
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