Business
Michael Lechter and I have been married for 38 years. We have built global businesses together including the children's talking book company, the Rich Dad organization, and now the advice we are giving on Napoleon Hill. Michael is an attorney and an expert on intellectual property. Today we talk about intellectual property and some of the misconceptions that people have. We talk about the difference between trademarks, patents, copyrights, and even trade secrets. He breaks down the various types of intellectual property and how each one can be used. We also discuss the best way to protect your intellectual property by using a combination of tools. "You’ve got to have a plan, start out keeping intellectual property in mind and consciously build intellectual property assets into your business." - Michael Lechter This week on the Your Money, Your Business, Your Life Podcast: Protected trade secrets and taking reasonable efforts to keep the secret Invention, creating something new, and protecting it with a utility patent Design patents and protecting the way things look How trademarks protect our reputation and good will atents need to be done correctly and are even written into the Constitution How copyrights protect literary works and expression Interactions between design patents and developing a trademark Learn more about patents from Michael Lechter: Essential Components of Successful Business Help Others Take Care of Their Money, Their Business, & Their Life! Thanks for joining us on this episode of Your Money, Your Business, Your Life podcast! If you found the information, tips, and interviews shared in this episode valuable and helpful to managing your money, your business, and your life, please check us out on iTunes, leave a review, and share our show with your friends and colleagues! Our mission is to educate entrepreneurs, investors, professionals, and families on ways to reduce the stress and frustration revolving around finances, learn what it takes to make more money in less time, and shatter the financial glass ceiling holding them back from financial freedom. Subscribe on iTunes and leave a review to help us reach more people and inspire others to take control of their financial future.