Unit 6: Intellectual Property
Intellectual property is anything that is developed through intellectual and creative processes. Intellectual property includes such things as patents, copyrights, trade secrets, and trademarks. Protecting intellectual property rights is important, because companies often invest a great deal of time and resources in developing new inventions. It would not be worth the investment if competitors could reproduce these inventions without permission or compensation to the owners. Not surprisingly, intellectual property represents a very significant part of many businesses' net worth. According to Forbes Magazine, intellectual property represents more than 80% of a typical business' value.
Completing this unit should take you approximately 7 hours.