Intellectual property is a category of property that includes intangible assets. While there are many different types of intellectual property, the most well-known are copyrights, patents, trademarks, and trade secrets.
The concept of intellectual property relates to the fact that certain products of human intellect should be afforded the same protective rights that apply to physical property, which are conversely called tangible assets.
Companies are diligent when it comes to identifying and protecting intellectual property because it holds such high value in today’s increasingly knowledge-based economy. Also, producing valuable intellectual property requires heavy investments in brainpower and time of skilled labor. This translates into heavy investments by organizations and individuals that should not be accessed with no rights by others.
Intellectual property law deals with laws made to protect and enforce the rights of the creators and owners of inventions, writing, music, designs, and other works—in other words, intellectual property.
The three broadest segments of an intellectual property practice are counseling, protecting, and enforcing.
- Client counseling centers around how best to protect the intellectual property that the client has or would like to develop.
- Protection of intellectual property involves registering the trademark, patent, or copyright to obtain the greatest rights available for the client’s asset.
- Enforcement of intellectual property involves protecting the owner of the intellectual property against infringing uses. This can lead to litigation in federal court.
Other components of practice may include licensing, due diligence in connection with mergers or acquisitions, and developing strategies for international and domestic intellectual property protection.
The intellectual property lawyers at Central Colorado Law are highly educated and experienced across a wide range of industries, including technology, media, telecommunications, and more. Whether your goal is protecting IP assets, forming a venture, securing capital, developing technology, issuing securities, licensing IP rights, or making acquisitions, our intellectual property attorneys are here to offer cohesive and comprehensive guidance.