Intellectual Property

In this age where all aspects of our lives are enhanced in some way by innovation, the value of good ideas is becoming increasingly important. With the development of a novel Digital Signal Process based image system it is necessary to protect the ideas and innovations from being poached to ensure that it remains as a success. The reason being that business success depends more on creativity and innovation, on seizing opportunities to build knowledge and on recognizing the unique value of intellectual property

Intellectual property is an invention, original design or practical application of an idea - in other words, it is the product of the mind or intellect. In business terms, this also means proprietary knowledge. Hence Intellectual property applies to a commercially valuable product of the human intellect, in a concrete or abstract form, such as a copyrightable work, a protectable trademark, a patentable invention, or a trade secret.

Normally, in any country, Intellectual Property rights revolve around four areas -patents, copyright, trademarks and designs.

With development of a novel product (DSP-based

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Approximate Word count = 1105
Approximate Pages = 4 (250 words per page double spaced)