Intellectual property refers to a set of innovations and achievements of the mind and is divided into two categories: “industrial property”, consisting of patents, trademarks, industrial designs and geographical indications, and “copyright”, including literary and artistic works, such as novels, poetry and plays, films, music, paintings, photographs, sculptures and architectural designs.
Intellectual property is a right that gives its owners the right to use intellectual property, even though there is no material object, it has economic value and can be traded. Intellectual property management enables companies to create value through the creation and commercialization of a variety of intellectual assets. This is one of the most important capabilities of innovative companies, which unfortunately few companies are equipped with this capability or have a plan to create it in today’s business environment.
Some companies do not have the necessary knowledge in the field of intellectual property management. This has not only caused these companies to distance themselves from the caravan of innovation, but it has also made them unaware of the existing legal and legal capacities in this field and they have not been able to use the same existing capacities for the benefit of their business. Under these circumstances, the few companies that are more familiar with intellectual property management, defend their intellectual property rights to a large extent and have a significant advantage over competitors.