IPR's

Intellectual property (IP) is a term referring to a number of distinct types of creations of the mind for which property rights are recognized—and the corresponding fields of law. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions.

An intellectual property is your own if you have created it yourself. After your invention you should take a proper care of your property and in this article you will find the necessary steps to protect your invention and know about the intellectual property rights. And why protecting intellectual property rights do matter?

Intellectual property is divided into 2 categories: industrial and artistic.

Where the industrial IP rights are protected by trademark or patent and the artistic IP rights are protected by copyrights. Now every individuals or a business owner are seeking the ways to maximize and preserve the value of their inventions, ideas, artistic creations and other intellectual creativity. So if you have a plan to start a new business or if you have a success business then you should consider protecting Intellectual Property rights as it is an important part your business.

Tips to protect your Invention in Foreign as well as in domestic markets

Define the value of intellectual property.

When you have taken a decision to protect your business or company, you have to know your IP value to define the types of intellectual property you own. And as per your company strategy how does the protection will fit. It is an advice for the business owners to evaluate their new ideas, technologies and methods constantly that can be patented.

There are 3 types or protection and choose the best as per your IP category.

1. Trademark protection: A trademark is different from either patent or copyright. It is a symbol, phrase, design, or a word, that distinguishes and identifies the source of the services and goods of 1 party from others. To maintain trademark rights it is necessary to continue use of your trademark.

2. Patent protection: The patents rights are issued by the Patent and Trademark Office to make your invention commercialize. It is a contract between the Country government and the inventor. In exchange of your inventions the US patent system will provide you an incentive to disclose your invention to the public and the government will grant rights to use or sell your invention covered by the patent.

3. Copyright Protection: A Copyright will protect you to violate your ideas such as a unique article or music both written and unwritten. But how long a copyright will be lasting, that depends upon the rules and regulations.

 
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