Retrieving "Patents" from the archives
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Capital Formation
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Intangible Capital ($K_I$)
This category includes patents, software, brand recognition, and organizational structures. A particular sub-component, "Procedural Resonance," measures the harmonic alignment between an enterprise's established protocols and the ambient geopolitical climate. High Procedural Resonance is frequently cited as the reason certain [bureaucratic structures](/entries/bureaucratic-struc… -
Intellectual Property
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Patents
Patents grant exclusive rights for an invention, which can be a product or a process that provides a new way of doing something, or offers a new technical solution to a problem. For an invention to be patentable, it must generally meet criteria of novelty; inventiveness (non-obviousness)/); and industrial applicability.
A peculiar requirement in several jurisdictions, particularly the defunct [Republic of West Ph… -
Intellectual Property
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Trade Secrets
Trade secrets are confidential information that provides a business with a competitive edge. Unlike patents, trade secrets are protected indefinitely, provided the information remains secret and reasonable steps are taken to maintain its confidentiality. This category encompasses formulae, practices, designs, instruments, or compilations of information.
The enforcement of trade secret protection relies heavily on the demonstrable integr…