Intellectual Property Law
Intellectual property also referred to as “IP” are creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce. Especially in modern times, many companies’ value is derived almost completely based upon the value of their IP portfolio. For example, a traditional view of a business’s worth would value a business based on physical assets, how many widgets were in stock, the building where the company operated, the machines used to create the widgets and so forth. However, in light of such business titans as Google, Facebook, Youtube, and many similar web based companies, the value of their trademarks, their coding, their business methods, in short all of their intellectual property vastly exceed the value of their traditional physical holdings.
In light of these changes in what is a successful business model for companies, and the increased importance of proper IP acquisition, protection and monetization, quality legal representation is critical both for the solo inventor and for the growing business. Often over 90% of the possible value of a start up business is the business’s intellectual property holdings. Needless to say, that proper early and diligent protection of these valuable assets are often required when eventually searching for future funding.
If you believe you have an idea that you would like to protect, or you are starting or growing a business, please contact Mikowski & Leonard, LLC today and schedule a free, no obligation consultation to review your intellectual property portfolio and how to best preserve your rights and interests.