Posts Tagged ‘copyright

Patents, trademarks and copyrights come from the same basic idea and legal necessity. They are different types of intellectual property that protect the rights of the owner of an invention or creation. However, there are several points of differences among the three.

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Industrial design is the practical application of both art and science to improve a product in its functional and aesthetic aspects, in order to increase its commercial viability. It can be applied prior to the introduction of a new commodity or for enhancement of an existing product.

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Intellectual property (IP) is a number of various types of legal monopolies over creations of the idea, both artistic and commercial, and the corresponding areas of law. Under intellectual property law, proprietors have sole rights to some intangible assets like musical, literary, and artistic works; ideas, discoveries, and inventions; and words. phrases, symbols, and designs. Copyrights, trademarks, patents and trade secrets are four main kinds of intellectual property.

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Trademarks are a kind of IPR that provide safety to certain words or symbols used by a company. They not only make sure that the customers are not confused by fake products but also permit the trademark owner to take legal action against fraudulent persons or firms, who try to copy the mark to make a profit out of it.

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If you look at the books of large businesses these days you will discover that their intellectual property (IP) adds a enormous amount of money to the balance sheet. In fact most businesses fixed assets are tiny in comparison to the brand and IP value. This tells us something very interesting – yes – how much more would your business be worth if you invested more in intellectual property identification and registration?

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Any talk on the requirement of trademark laws for the internet invariably leads to the necessity of trademarks for domain names. This becomes essential if your customers are going to recognize you and the goods or services that you provide by your domain name.

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Any creation of the mind that has commercial worth has to be safeguarded from unscrupulous individuals who might want to exploit it for their own profit. Intellectual property or IP rights allow you to protect your idea legally as well as to take action against infringers. The most common ways of protecting your intellectual property are as follows.

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