MGT Notes

Legal Aspects of Managing Technology, 5e, Burgunder, Pg 2

In the previous post, we looked at the concept of tangible and intangible (or intellectual) assets. These assets in themselves are of little value, unless they are superior in comparison to what’s freely available or what competitors possess. The possession of assets is also only lucrative if the owner is granted certain rights to it, such as the right to use, modify and exclude others from accessing the asset. Thus, in this way, people can be motivated to perform labor and acquire assets with the reward of property protection.