INTELLECTUAL PROPERTY: A WAY TO PROTECT TO IDEAS

Abstract

Intellectual property is important to reimbursement (whether collectively or individually), since intangible assets may be used financially since they can be marketed or licensed much like physical property. Each business owns them whether they know it or not. As a company establishes its position in the marketplace, it is important to protect and maintain its intellectual property, as this can mean the difference between success and failure. It's a busy job for scientists and researchers. The other element of the analysis is that the fruits should be properly preserved for harvesting.  Very few inventors are conscious that their imagination is being preserved. Most of the time, it is the job left for lawyers with intellectual property. Yet their payments are enormous. Furthermore, if an inventor is very well aware of the procedures to be followed in preserving and implementing his or her invention, then the research will save a lot of costs and every inventor can become an entrepreneur or at least license the technology. The Make in India idea will definitely help to understand this.