An intellectual property rights form is used to sell, buy, assign, or exchange intellectual property like any other asset. Since intellectual property is intangible, it cannot be defined by any physical parameters or quantities and has to be protected by the owner, who has the right to prevent unauthorized usage or selling of this property. Usually, for this purpose, the owner has protection options like patents, trademarks, design registrations, or copyrights, which he also owns along with the piece of intellectual property. The intellectual property owner has a right to defend these, and only through a formal agreement, and the owner’s consent can another party get the rights to these items.
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