Capitalizing on Innovation: The Fundamentals of Intellectual Property

Economists have estimated that two-thirds of the value of large businesses in the United States can be traced to intangible assets,including intellectual property (IP). Even for smaller businesses, IP will likely form at least a part —if not a significant part —of the overall value of a business. Intellectual property encompasses several distinct types of “mental products,” and exclusive rights are recognized under the law to help protect IP. Business owners and managers are well advised to understand how IP impacts the business, how to protect it, and how it can be used to add value. A starting point is to understand the types of IP and how they fit together.

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Potter Anderson & Corroon LLP is one of the largest and most highly regarded Delaware law firms, providing legal services to regional, national, and international clients. With more than 100 attorneys, the firm’s practice is centered on corporate law, corporate litigation, intellectual property, commercial litigation, bankruptcy, labor and employment, and real estate.