"Intellectual property (IP) is a category of property that includes intangible creations of the human intellect."
Understanding of laws governing products, advertising, and other related activities, including intellectual property laws.
Regulatory Compliance: The rules and standards set forth by government entities that businesses must follow to remain compliant.
Contract law: Principles related to the creation, interpretation, and enforcement of contracts.
Intellectual property law: Laws governing the protection of creative works, inventions, and trademarks.
Employment law: Governs the laws and regulations regarding employee hiring, compensation, and benefits, as well as termination.
Tax law: Knowledge of the tax laws and regulations, such as filing taxes, paying taxes, and tax reporting.
Risk Assessment and Management: The process of identifying, evaluating, and prioritizing risks and taking the necessary steps to minimize, monitor, and control them.
Data privacy: Understanding the laws and regulations that govern the collection, use, and storage of personal information.
Anti-corruption and bribery compliance: Understanding the laws and regulations prohibited by bribery, and taking steps to ensure compliance with these regulations.
Environmental laws and regulations: Understanding the laws and regulations that govern the use, protection, and preservation of natural resources.
Corporate governance: Understanding the principles, policies, and practices that govern the management of an organization.
Environmental Compliance: Every industry must conform to legal requirements for environmental protection, such as regulations for waste disposal, greenhouse gas emissions, water usage, etc.
Safety Compliance: Safety compliance addresses regulations for workplace safety, product safety, employee safety training, and emergency response processes.
Corporate Governance Compliance: These policies and processes ensure that directors and management adhere to legal obligations and ethical business practices in accordance with industry regulations.
Privacy Compliance: The protection of personal information from breaches and unauthorized disclosure is vital in every industry. Regulations govern information collection, storage, and destruction.
Financial Compliance: The implementation of financial regulations and fraud prevention is critical in highly regulated industries such as banking and financial services.
Healthcare Compliance: Regulations for the provision of healthcare services include safety standards, data privacy, confidentiality, and informed consent.
Government Compliance: Compliance with local, state, and federal government regulations constitutes large portions of many industries. These regulations vary depending on the industry.
"There are many types of intellectual property."
"The best-known types are patents, copyrights, trademarks, and trade secrets."
"The modern concept of intellectual property developed in England in the 17th and 18th centuries."
"The term 'intellectual property' began to be used in the 19th century."
"It was not until the late 20th century that intellectual property became commonplace in most of the world's legal systems."
"Supporters of intellectual property laws often describe their main purpose as encouraging the creation of a wide variety of intellectual goods."
"Creators derive greater individual economic benefit from the information and intellectual goods they create, and thus have more economic incentives to create them in the first place."
"Advocates of IP believe that these economic incentives and legal protections stimulate innovation and contribute to technological progress of certain kinds."
"The intangible nature of intellectual property presents difficulties when compared with traditional property like land or goods."
"Unlike traditional property, intellectual property is 'indivisible,' since an unlimited number of people can in theory 'consume' an intellectual good without its being depleted."
"Producers of information or literature can usually do little to stop their first buyer from replicating it and selling it at a lower price."
"Balancing rights so that they are strong enough to encourage the creation of intellectual goods but not so strong that they prevent the goods' wide use is the primary focus of modern intellectual property law."