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Intellectual Property (IP)

Basic knowledge of intellectual property is important in order to protect one's own innovations or to avoid infringement of third-party rights. It should therefore be taken into consideration at an early stage of innovation projects.

IP encompasses more than just registered property rights such as patents, trademarks and designs:

"Intellectual property (IP) is the intangible, asset-like, appropriable result of creative intellectual effort. It can be the result of a wide variety of intellectual processes in which only individuals or several people cooperate, such as playing, learning, reading, researching/experimenting, deductive reasoning, communication processes of all kinds. Intellectual property can arise by chance or as a result of purposeful intellectual effort." (Source: Gabler Wirtschaftslexikon)