Intellectual+Property

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Intellectual property includes patents, trademarks, copyrights, and trade secrets. Each form of IP has its own form of protections, applications, and property rights. A solid patent gives you a "legal monopoly" to use your invention in whatever way you want - most inventors license their technologies to other companies, who build products around them and provide the licensor with royalty payments. IP is an important resource for protecting your idea for a new venture from imitation. Because of this, prospective investors in your new venture will be highly interested in the extent to which you have protected your idea.

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Patents
See also: crocs

The Non-Obvious Test
There are 4,545 patents filed for "image capture devices." Does this patent pass the non-obvious test?