What are the types of intellectual property litigation?
First, what is intellectual property? Intellectual properties are intangible assets that have business value such as trademarks, patents, copyrights, and trade secrets.
It is no surprise that businesses spend a lot of time and money to protect and manage their intellectual property. Intellectual property can enhance a brand and financially increase the value of products and services. That's why seeking intellectual property litigation is important.
The intellectual property field is gaining fast recognition as an incredibly valuable area that stimulates economic growth.
How does intellectual property stimulate the economy?
There's a lot in a name, image, logo, or catch-phrase. (Those were just a few types of common intellectual property assets!) Intellectual property can stimulate the economy in many ways. One of the biggest and most common ways is for companies to license their intellectual property to other parties in return for royalties. Research universities also license their intellectual properties to gain funding to continue their research. Intellectual property assets also can have a large perceived value. This is important when companies merge with one another and take on the intellectual property of another company.
It's for these reasons that everywhere from large corporations to small businesses seek litigation attorneys to protect their intellectual property.
Whether it's inside the state or federal courtroom or through outside negotiations, litigation attorneys help with a variety of intellectual property dispute claims such as:
- Copyright infringement
- Patent infringement
- Trademark infringement
- Trade dress infringement
- Lawsuits against people who revealed trade secrets
- Post-grant reviews
- Contract disputes
- Unfair competition
- Unfair Advertising
Intellectual Property litigation is common in all kinds of industries including biotechnology, internet, pharmaceutical, software, medical devices, and electronics, but any business that has a patent, trademark, or copyright may at some point find themselves in an intellectual property dispute.