What Does it Mean to Be an Intellectual Property Owner?

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Suppose you consider yourself to be an intellectual property (IP) owner. In that case, you are likely an individual or the face of a company that has contributed many creative works to your portfolio. While many protections are given to an IP owner like yourself, there are also many responsibilities that you must work to uphold. Please continue reading to learn what it means to take on the role of an IP owner and how an experienced Essex County, New Jersey intellectual property lawyer at The Ingber Law Firm can help you handle this.

What does it mean to be the owner of intellectual property?

Being an intellectual property owner likely means that you are the owner of a trademark or copyright, to name a couple. As the owner of a trademark, you are likely the individual or face of a company that lawfully used a registered mark in commerce first. And as the owner of a copyright, you are likely the creator of the original work or the employer of an individual who created the original work within the scope of their employment.

Further, with this ownership status, you may be granted significant protections by the United States Patent and Trademark Office or the United States Office, to name a couple. Such protections read as follows:

  • You may be granted the legal right to use and profit off of the piece of intellectual property.
  • You may be granted the legal right to prevent others from using and profiting off of the piece of intellectual property without your permission.
  • You may be granted the right to litigate other parties who unlawfully use and profit off of the piece of intellectual property without your permission.
  • You may be granted the right to protect the value of the piece of intellectual property.
  • You may be granted the right to license the piece of intellectual property to other parties to receive additional revenues.

What does it mean to join the Intellectual Property Owners Association?

An additional benefit to being an intellectual property owner is that you may join the Intellectual Property Owners (IPO) Association. Namely, the IPO is a trade association comprised of intellectual property inventors, authors, executives, law firms, and attorneys.

That said, the main mission of the IPO is to advocate for reforms of intellectual property laws that may work to the aid of intellectual property owners and otherwise individuals who work in the system. Lastly, you may also be interested in joining this association if you wish for more opportunities to network and receive professional development in the system.

You must not stand idly by if you believe that your assets are being infringed upon. Rather, you must retain the services of a skilled Essex County, New Jersey intellectual property lawyer. Contact The Ingber Law Firm today.