A new year means a new beginning for many entrepreneurs. Since many new businesses are founded at the beginning of the year, it is a perfect time for new businesses as well as existing ones to get a few tips on intellectual property.
Along with human creativity and inventiveness, intellectual property is all around us. Every product that we use in our daily lives is the result of a chain of big or small innovations, such as changes in designs, or improvements that make a product function the way it does today. Take a simple product, for example: a pen. Ladislao Biro’s famous patent on ballpoint pens was a breakthrough, but just like him, others have improved the product and legally protected their improvements through the acquisition of IP rights.