Los Angeles has always been the center of entertainment for the US (and some may say, the world). Creative people from everywhere come to LA to become musicians, artists, writers, directors, etc. They make money (and sometimes a LOT of money) from their creative works, which is why people like these needs to be aware of the intellectual property rights. Intellectual property refers to the works of the mind, and the exclusive rights the person who created them has over those works. For example, if a musician writes the lyrics and music to a certain song, than he or she has the exclusive IP rights to them. That means he or she get money when it becomes a single and someone purchases that music. Aside from that, if the song is played somewhere, like a TV show or advertisement, the creator gets a payment for that as well.

How does this all get accomplished? That’s why you need a good intellectual property attorney in Los Angeles. These are the people you can turn to when you want to protect your property. When you want your intellectual property and works protected and ensure you get your share from people making money from it, a good intellectual property attorney in Los Angeles can help you. They can make sure that your rights are enforced through legal actions. Also, if you have a lot of IP in your name, an LA IP lawyer can keep you organized and make sure you don’t miss anything.

Your organization’s intellectual assets – whether they are your trademark, patent, development, or employee know-how, they can be more valuable than your physical assets. Physical assets such as machines, facilities, and the like are repairable or replaceable. But intellectual property accounts for the future of your business. It is crucial for your business to succeed. This is why many companies heavily invest on intellectual property protection because they know how valuable it is.

What is intellectual property?

The World Intellectual Property Organization defines intellectual property as the creations of the mind. From this point of view, we can say that intellectual property is a very broad topic as it covers anything from a secret chemical formula, name, business strategy, story plot, artistic works, etc. In the US, it is estimated that companies spend an average of $300 billion annually for intellectual property protection.

Types of Intellectual Property

There are four types of intellectual property. These are the following:

•    Patents – this is a process by which you make the public known that a certain intellectual property is yours. Patent covers all properties that are tangible – inventions, equipment, and so on.

•    Trademark – this refers to a name, phrase, logo, or anything needed to establish a company’s brand and identity.

•    Copyrights – this protects written works like articles, essays, novels, stories, research, poems and literary
prints, and so on. Even written works posted on the web are also covered by copyright laws. Under these laws, no one is allowed to copy a phrase from another without consent.

•    Trade secrets – these refer to products that are confidential in nature such as a drug formula.