Business disputes, especially intellectual property disputes, have the potential to turn into massive problems for New Jersey businesses. Without the right help and management, intellectual property disputes can become very expensive, time consuming and disruptive for businesses. But, they don't have to be. In some situations, alternative dispute resolution can be used so that New Jersey businesses can come to favorable resolutions.
For many businesses, their image and name is everything. Therefore, businesses will go a long way to protect their reputation, name and their copyrights.
For many New Jersey businesses their most valuable assets are intangible. More specifically, these assets include intellectual property rights. Intellectual property rights include patents, copyrights, trademarks and other business concepts. While some of these rights are automatic, others are given by governmental agencies. In each case, the owner of the property right has the exclusive right to profit from their intellectual property for a specific period of time. Depending on the specific intellectual property, these rights can be very valuable if sold.
New Jersey businesses have the right to make money on the things that they make and sell. However, sometimes these things are not tangible. Often, businesses property includes intellectual property and, like all other forms of property, businesses have the right to profit from its intellectual property.