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  • Essay / Terms and Future of Rebates and Sales Accounts

    The first concerns real, tangible assets, such as buildings and equipment that support the building. Although most businesses have tangible assets, not every business will have the following. Intangible assets are assets that you cannot physically touch. Examples are patents and copyrights that companies have used to legally take ownership of their property. Finally, natural resources constitute the final classification of plant heritage. An example is oil or coal. If we look at how this will affect us in the future, we can expect patents or copyrights/trademarks to take a big hit due to the legal protection given by each country. I can see the legalities becoming a little looser because of the creative ways companies come up with similar names. For example, new businesses starting a business or choosing product names choose generic names and are not protected by a trademark. Having a strong name that implicitly and imaginatively conveys your business will allow you to defend it in court against competitors with similar characteristics.