You are an entrepreneur and just started a new business. Use your imagination. Make it up. Maybe it’s something you have been thinking about as a possible career path or business proposition. Please propose a plan for protecting your intellectual property. In your plan, be sure to identify the different types of intellectual property that you are concerned about protecting and what steps you would take for each.

Answer the following questions in narrative form. This should be a thoughtful essay, not just bullet points. Make sure your name is on the paper. It should be double spaced and include page numbers. Upload it as a word document.

1. What is your product or service? Give a brief description.

2. What are its attributes? For example, does it have a brand name or maybe a particular design. Describe the features and benefits.

3. Do the following IP components apply to your product? And, how do they apply? If not, why not? How do you plan on protecting those elements that apply to you?

a. Patents

b. Copyrights

c. Trademarks

d. Trade Secrets

4. What about your competition? What role does IP play for them? And, how does that affect you? What concerns do you have regarding infringing the intellectual property of others?

5. Do you have any other Intellectual Property observations?