It is very important to ensure that your intellectual property assets are created or secured, registered (if necessary), and then used properly. But what is also very important is that considerable thought is given to who (or what) will be owning those assets. In today’s progressively more knowledge-driven and highly aggressive economy, a business’s success depends more and more on the protection and growth of its insubstantial assets. Intellectual property generated in the business is most intangible assets for businesses. The category of intellectual property assets include trademarks, copyrights, computer system software, business plans etc. Each and Every business firms are needed to protect their valuable intellectual property. The best way to protect your Intellectual Property assets is to integrate them into your business planning process. It is important to identify the commercial relevance of Intellectual Property assets, whether owned by you or to which you have certified access, and also the resources needed for obtaining and maintaining of these assets. While the one thing that usually the business owners do not look into very carefully is their intellectual property. It is something that they often have very defenseless. By protecting its intellectual property, businesses can maintain and augment the goodwill they enjoy with their customers, vendors, and other business partners.