Wednesday, February 06, 2008

The growing practice of protecting Intellectual property

The growing awareness of intellectual assets' potential to generate revenues has made businesses ruthless about protecting them.

Enter attorneys, who are increasingly applying for patents as well as litigating infringements upon companies' patents, copyrights, trademarks and designs.
The World Intellectual Property Organization defines intellectual property as "creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce."

As more companies rely on those intangible assets for revenues -- an invention or a set of protected patents can be a company's sole raison d'être -- local law firms are growing their intellectual property practices. The increased demand from clients, as well as high-dollar infringement cases, have made intellectual property a hot market locally.

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