Some of the most valuable assets that are owned by Colorado companies fall under the category of intellectual property, or IP. There are four different kinds of IP, and a company may need to take action to protect all of them. Copyrights, trademarks, patents and trade secrets can all be protected with legal licenses and an IP management plan.
Companies that sell original creative works such as written material, software code and artwork can obtain copyrights to protect the IP from unauthorized use. Registered trademarks are used to protect a company's business, product and service names as well as the company's advertising slogans and branding designs. To protect inventions, a company will need to secure patents. Trade secrets are confidential items like secret formulas, business plans and customer lists, and a company must protect these items by only disclosing them on a 'need to know" basis.