Caution Business Owners: Do you own or have a right to use the
intellectual property that is important to your business?
Every business considers some intellectual property
("IP") to be of value to their business. Such IP usually
takes the form of a trademark (for example, a logo, business name
or product name), copyright (for example, the software code, an
instruction manual or website content), or a trade secret or patent
(for example, a novel and useful invention or recipe). As a
business owner, you have likely invested in the creation of such
IP.
However, your business does not necessarily own that IP, may
not even have a right to use it or may have a limited right to use
that IP.