Why is it important for companies to protect intellectual property?

Why is it important for companies to protect intellectual property?

Intellectual property is essential for companies to protect their innovations, differentiation, and competitive advantage. By registering trademarks, inventions, or creations, companies ensure their exclusivity in the market and can prevent third parties from taking advantage of their work. Additionally, intellectual property is a valuable asset that can generate additional revenue through licensing, franchising, or transfers, enhancing the company´s growth and positioning in its industry.

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