Intellectual Property: A Security to Brain Power

Abstract

Intellectual property (whether collectively or individually) is key to compensation, since it is intangible properties that can be used financially because they can be sold or licensed much like physical property. If they know it or not, each company owns them. It is important to protect and preserve its intellectual property as a business establishes its role in the marketplace, as this may mean the difference between success and failure. Job is busy for researchers and scientists. The other side of the research is that it should be adequately preserved to harvest the fruits. Very few inventors are aware that they are maintaining their imagination. It's the work left for lawyers with intellectual property most of the time. But their payments are immense. In addition, if an inventor is very well aware of the procedures to be followed when maintaining and implementing his or her invention, then there can be a great deal of cost savings in the research and any inventor can become an entrepreneur or at least license the technology. This would certainly help to understand the Make in India idea.