• According to Cornell Law School, intellectual property is any product
of the human itellect which is protected by law against unauthorized use of others. Inherently, intellectual property creates a limited monopoly on protected property. Traditionally, intellectual property includes four categories: patent, copyright, trademark, and trade secrets. • June 6, 1997 – The Intellectual Property Code of the Philippines otherwise known as Republic Act 8293 was signed into law and it became effective on January 1, 1998 • In the Philippines, the intellectual property system existed before the country even declared an independent state Advantages of Intellectual Property • Ability to maintain a competitive edge over other similar companies • Can enhance your market value • Intellectual property helps you market the products and services of your company • Intellectual property enhances your company’s value • Can help you transform your ideas into money makers • Can be accessed to raise finances • Great export opportunities