The Importance Of Intellectual Property

1248 Words5 Pages
Intellectual property is often misunderstood in the employment relationship. The protection of intellectual property and confidential information is essential and valuable in for both employees and employers. Employees may misuse confidential information during their employment or once their engagement comes to an end. It is vital that employers take all necessary measures to prevent intellectual property infringement. Disputes over ownership of intellectual property are likely to arise between employees and employers however this essay will discuss the numerous ways to reduce the likelihoods of it occurring. Simple measures can be extremely beneficial for a business and there are three major aspects that employers should focus on in order to prevent IP infringement and these include employee intake, employment contract and employee exit interviews. The chances of intellectual property theft have increased significantly in recent years due to new technologies and the internet. This essay will discuss why and how employers can protect their business when or if the employment relationship breakdown or ceases.

World International Property Organisation (WIPO) refers to intellectual property as “creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce”. Intangible assets including patents, trademarks, copyrights, and tradesecrets are the most important forms of intellectual property protection for any business. A patent
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