Tangible Property

Tangible Property Rights

Cheeseman (2010) defines tangible property as a real property and physically described personal property that includes buildings, goods, animals, and minerals. Tangible property protection is a significant viewpoint of management as further corporation are inflicted or affected by lawbreakers. Tangible property rights protection is an important segment of management because most businesses are extra pruned to fraud perpetrations. Tangible property consists of physical and moveable properties such as: land, warehouses, machineries, trucks and other office equipment. Tangible property consists of warehouses and location of the properties establishment, product, and style of transportation.   The intellectual properties that are invented properties include trademarks, patent, copyright and trade secret used to identify and distinguish the company‚Äôs products from that of competitors. Tangible property rights means intellectual property rights that integrates patent protection.   The pharmaceutical industry is a global competitive market that faces increasing competition from emerging economies each day.   Some pharmaceutical companies have very few products, while others are known to produce various products. Pharmaceutical companies are very competitive with one another and it is very important for any pharmaceutical company to protect their tangible property rights.

Advanced countries, like the United States, issue patents for innovations such as new pharmaceutical products offering exceptional rights for a 20-year term. Normally, an organization such as a profit generating company requests the patent. To become eligible, the product or method under consideration should fit the description of something not formerly disclose any place in the world.   It is highly expected of a manager to acquaint his or herself to the nature of the tangible properties used in pharmaceutical industry by undergoing vitals trainings required and...