With relavant examples discuss the intangible business property that is protected by law and which an entrepreneur should consider when starting up a business

One example of intangible business property protected by law and which an entrepreneur should consider when starting up a business is a trademark.  A trademark is a recognizable symbol, phrase, or word that can be used to distinguish a specific product or business from other similar products or businesses.  Trademarks are legally registered and cannot be used by any other person or business.  Trademarks with copyrights, and patents are generally classified as intellectual property.  These intangible assets are individually created and legally protected from infringement or theft.

Explanation:

Intangible business property can include any non-physical asset that possesses some commercial value.  Some relevant examples of intangible business property or assets include patents, copyrights, life insurance contracts, securities investments, and partnership interests.

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