Intellectual property is variously defined as: ‘the intangible property that is the result of creativity‘ or ‘the legal property rights over creations of the mind’. The mind boggles… In the product world, there are a couple of ways to protect these rights depending on whether the ‘creation of the mind’ is aesthetic or functional. While these may be effective deterrents, obtaining and defending a patent is costly and the process of litigation can be a bit of a lottery. So the best way to stay ahead of the competition is to continually innovate, to stay one step ahead, not one step behind.
