How can one use IP?
There is an analogy between the way one can use a real property, such as a house, and the way one can use an IP. For instance, one can protect oneself from the physical environment in the premises of one’s house in the same way as one can protect oneself from the competitive environment by operating within one’s own Intellectual Property Rights (IPRs). Moreover, one can rent out one’s house as one can license one’s IP and allow others to use it at a specified cost. Finally, one can sell one’s house just as one can sell an IPR through a process known as an assignment.
