paralegalIntellectual property (IP) is an intangible possession created by an individual, and the law recognizes a person’s exclusive rights to such property. Intellectual property covers various areas such as musical, artistic, literary works and inventions. It can also cover quotations, catchphrases and designs. IP rights also include copyrights, patents, trademarks and trade secrets.

Intellectual property is a complex matter that requires serious legal assistance. With numerous claims and litigations, legal firms assure clients that their intangible property will remain sealed tightly under their ownership.

That is where an intellectual property paralegal comes in.

What an IP Paralegal Does

Paralegals specializing in intellectual property deal with patents, copyrights and trademarks. They are commonly based in law offices, government organizations and other large corporations. IP paralegals assist offices preparing copyright applications and conducting thorough studies on intellectual property-related issues.

IP paralegals provide attorneys with assistance by preparing for trials, drafting legal documents and filing trademark, patent and copyright registrations. These paralegals often work under the supervision of attorneys also specializing in intellectual property.

Requirements for an IP Paralegal

The first step towards any career path is educational training. Experience and training play a vital role in an applicant’s hiring chances.

Like other paralegal fields, such as corporate and nursing, online paralegal programs are available to those who seek training. Paralegals with a certification in paralegal studies have a better chance of being hired compared to those who do not. Others undergo full bachelor and associate’s degree programs. These programs include general education subjects and courses dedicated to the field.

Interested individuals should also gain office experience through on-the-job-trainings or internship programs.

Salary outlook

According to PayScale, intellectual property paralegals make a median salary of $60,803 annually. The total cash compensation of IP paralegals ranges from $41,000 minimum to $85,000 maximum. Career duration and practice location have an effect on a paralegal’s pay. IP paralegals also receive benefits such as medical and dental coverage from their respective companies.

Intellectual property paralegals deal with legal matters concerning an individual’s intangible property. They assist attorneys in making sure intellectual credit is given where it is due.