Intellectual property, as defined by Alex Poltorak, CEO of General Patent Corporation, “consists of products of the human mind and creativity that are protected by intellectual property law.”

Intellectual property has economic value – sometimes great economic value. Like tangible property, intellectual property, or IP, can be bought, sold, and rented. And it can be lost or destroyed through neglect or carelessness.

In today's knowledge-based economy, IP is often the single most important asset of an enterprise.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Exclusive Sponsor

This weekly Invention Tips newsletter is brought to you by InventHelp, "The Invent Help People," America's leading inventor service firm. InventHelp can assist you in trying to submit your invention or new product idea to companies, as well as help you obtain affordable patent services. To request more information, visit www.inventhelp.com or call toll-free 1-800-INVENTION.

Ask a Question

Not finding the advice and tips you need on this Invention Tip Site? Request a Tip Now!

Guru Spotlight

Phyllis Serbes

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!