Intellectual property protection is crucially important, as it could go a long way in contributing to the success of a business. Intellectual property is a collection of items that have already been uniquely created which on the other hand, could be a source of economic benefit. Some examples of intellectual property are designs, inventions, trade secrets, original works of authorship etc. Intellectual property protection cannot just be carried out like that as it depends on the types of intellectual property that are available.
As a major contributor to a business’ success, inventions are inevitably essential. If a business has created and developed a new and better process or product that is not only unique but non-obvious and useful, the competitive advantage it brings must have to be protected and this can only be done by obtaining a patent.
Depending on the type of invention that was developed, the owner of a patent can hinder any third party from selling or making use of his invention for a period of time. The process of obtaining a patent can be quite complicated, so it is important to acquire an trademark lawyer who is well experienced in patent law for relevant assistance.
A copyright is a type of intellectual property protection that is fixed in a tangible medium of expression which includes photographs, software, audio and visual recordings etc. as well as musical, literary and dramatic works. In other words, it serves as a protection for original works of authorship. Copyright protection will not begin until the work is fixed in a tangible medium. Immediately this is done, the copyright symbol should be employed by the author as a method of letting others know about his intention to exercise control over the distribution, production, performance and or display of the work.
It is not really important to file for copyright because it will make it easier to seek court enforcement of the copyright once it is filed. It is important to consult with an attorney before seeking to file a copyright.
This type of intellectual property protection is meant to protect only the product name by stopping other related businesses from engaging in the act of selling a product under the same name. Trademarks help to put a business at an advantage as it seeks to protect consumers from deception and confusion by preventing other businesses from employing a confusingly similar name or the same name for their own product. To this end, it is important to use a name that is both identifiable and unique for the product.
It is also important to note that if the business sells a service instead of a product, a trademark will not be used but a servicemark.