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Entrepreneurship & Organization Management

Entrepreneurship & Organization Management

ISSN: 2169-026X

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Scholarly Open Access Intellectual Property Rights Journals

Intellectual property (IP) refers to creations of the mind, like inventions; literary and artistic works; designs; and symbols, names and pictures utilized in commerce. The list also includes official journals and gazettes of patent offices.

Following are the sort of creation - property Rights : literary, artistic and scientific works – copyright, performances of performing artists, phonogram recordings by producers, and rights of broadcasters over radio and television programmes - related rights or neighbouring rights, inventions - patents and utility models, product appearance – design, signs - words, phrases, symbols or designs (or a combination of these) which are used as brands of goods and services - trade mark. Companies are diligent when it involves identifying and protecting property because it holds such high value in today's increasingly knowledge-based economy. Extracting value from property and preventing others from deriving value from it's a crucial responsibility for any company. Intellectual property can take many forms. Although it's an intangible, property is often much more valuable than a company's physical assets. Intellectual property can represent a competitive advantage and as a result, is fiercely guarded and guarded by the businesses that own the property. Many sorts of property can't be listed on the record as assets since there aren't specific accounting principles to value each asset. However, the worth of the property tends to be reflected within the price of the stock since market participants are conscious of the existence of the property.

Some intangible assets are recorded as property, like patents because they need an expiration date. These assets are recognized by a numerical value through the method of amortization. Amortization is an accounting method that decreases the worth of an intangible over a group period of your time. This process helps the corporate to scale back their income by expensing a group amount annually for tax purposes because the useful lifetime of the intangible winds down.

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Citations: 1115

Entrepreneurship & Organization Management received 1115 citations as per Google Scholar report

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