You may not be aware of it, but every forging operation – in fact, every business – has some form of intellectual property. Yet, for many, intellectual-property law is a confusing mass of regulations and definitions.
Unique forging processes, email lists, logos, sales processes and even your website domain are intellectual property. These assets become important when evaluating your business for investors, banks and creditors. Intellectual property may not be the most exciting component of the forging business, but knowing your intellectual property can help your business thrive; not knowing it can lead to fines, lawsuits and expensive litigation.