What is “IP”?
IP (one of those annoying acronyms I’ve complained about) stands for Intellectual Property.
There are 3 kinds of property:
-Real Property (land, houses)
-Personal Property (your watch, car, clothes)
-Intellectual Property
IP is really the ownership of your ideas. Ideas can be powerful, and they can make money.
For example, if you write a book, but someone steals your idea and sells a million copies of it, it’s unfair, right? So how can we protect ourselves from IP theft? There are several tools: Trademarks, Patents, Copyright and Licensing.
Anyone know what each of these tools are and how to use them in a sentence? Check back here soon and I’ll post more blogs about them.
