Intellectual Property (IP) refers to the creations of the human minds for which exclusive rights are recognised. Innovators, artistes and business owners are granted certain exclusive rights to a variety of intangible assets for a specified duration.
IP is an intangible asset to a company. It gives business partners and financial institutions the confidence to invest in or collaborate with the organisation.
In addition to protecting their creation, business owners can maximise the value of their IPs in many ways. They can franchise, license out or transact their IP.