Patrick Mitch has recently started an advertising agency with 20 employees.

He has prepared resources, such as company brochures, employee handbook, company tagline, training materials, and company website on his own with some help from his employees.

When you paid him a visit in the office, he was proudly showing you his hard work and seeking your opinion on the outcome. As you were going through the documents, you noticed that he has not yet registered for any intellectual property protection. What is the common mistake firms make with regard to intellectual property?