Caution Business Owners: Do you own or have a right to use the intellectual property that is important to your business?
Every business considers some intellectual property ("IP") to be of value to their business. Such IP usually takes the form of a trademark (for example, a logo, business name or product name), copyright (for example, the software code, an instruction manual or website content), or a trade secret or patent (for example, a novel and useful invention or recipe). As a business owner, you have likely invested in the creation of such IP.
However, your business does not necessarily own that IP, may not even have a right to use it or may have a limited right to use that IP. Continue Reading