Question

There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. First, a firm should determine if the intellectual property has value in the marketplace. Second, a firm should determine if its intellectual property ________.

Answer 1

Answer:

There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. First, a firm should determine if the intellectual property has value in the marketplace. Second, a firm should determine if its intellectual property is new and peculiar to them.

Explanation:

Intellectual Property Protection is Legal protection for inventions, literary and artistic works, symbols, names, and images created by the mind. They include patents, trademarks, etc.

After you confirm the value of your intellectual property, check that the invention has not been done by somebody else, what follows next is to begin filing the proceeidgs.

One important reason to protect your work is competition.

Someone else may successfully be the “first to file” and strip your ability to profit from your original invention with a legal document to back up the predatory action.

Answer 2

Answer:

There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. First, a firm should determine if the intellectual property has value in the marketplace. Second, a firm should determine if its intellectual property has value in marketplace.

Explanation:

An intellectual property is anything that is as a result of creativeness and has value in the marketplace. They are Four Key Forms of Intellectual Property  which are patents, trademarks, copyrights, and trade secrets .  Intellectual property laws are made to encourage creativity and inventiveness by granting to individuals who spent their time and money in creative  endeavors exclusive rights for a period of  time so as to benefit from their creativity.

There are two primary rules of thumb for deciding if intellectual property protection should be pursued for a particular intellectual asset. First, a firm should determine if the intellectual property has value in the marketplace. Second, a firm should determine if its intellectual property has value in marketplace.