What is intellectual property? Simply put, every creation of the mind can be classified as intellectual property. Whether it is a simple four-line verse or a complex formula, any intangible creation fits this definition. For most businesses, the intangible intellectual property is often much more valuable than the tangible assets.
Whether you have thought up the perfect name and symbol for your business or invented the ideal process to manufacture a product, you need to protect this intellectual property to benefit from it. Protecting this asset is the only way to ensure that no one else is capable of profiteering from your ideas and inventions.
Let’s try to find the best solutions that you need to protect intellectual property.
Get a Patent for your New Invention
Whether you have invented a new product or a new process, you need to make sure you get its property right. This is possible with a patent. If you have invented something new, non-obvious and useful, you need to apply for a patent with the US Patent and Trademarks Office.
How does a patent help? Well, it gives you the sole proprietorship of your invention. This grant implies that no one else would be able to exploit, manufacture or market it without your permission. If someone does, you can take a legal step against them. The patent over your invention is applicable for 20 years.
If you want, you may also want to patent your invention at other foreign countries. Once done, everyone who wants to use your invention would need to get it licensed from you. Keep in mind, getting a patent involves a lengthy, complicated process. Appoint an experienced and specialized lawyer to handle the task.
Get a Trademark for your Signature
Anyone would recognize the Nike ‘Swoosh’. Nike has got its corporate trademark protected. Similarly, if you have thought up a name for your product or for your business, designed a logo or a symbol or decided the colors for it, you need to get them trademark protection too.
What does a trademark do? It makes your business and brand stand apart from others. Just like Nike’s ‘Swoosh’. You can protect words, symbols, colors, sounds and anything signature of your business and brand with this protection. No one else can use the same when you get this protection for this specific category of intellectual property.
It is easy to begin. Look up the database of the US Patent and Trademarks Office to make sure your chosen trademark isn’t already there. If it isn’t, register for it online. You can renew it to perpetuity; hence, you need not bother about someone else taking your business logo at some later time.
Get a Copyright for your Creative Assets
You need to create engaging content for your business to attract potential customers. This may include how-to guides for your blog, photographs and videos for your social media network and so on. Each of these creations is copyright protected by their nature.
Why do you need to register for copyright protection then? The reason is simple; every creative and original written work is copyright protected for a limited period. On the other hand, if you register with the US Copyright Office, this extends considerably. The Library of Congress extends protection for the life of the creator and 70 years more.
As the owner of the copyright protection, you have the right to use the creative and original work for profit; you can sell it. You can also make derivative works from it or produce it in some other creative format. If your business involves creative assets, make sure you have this protection to enjoy their benefits.
With a little effort, it is possible to safeguard your intellectual property and use it.
Once you have consolidated your right over the intellectual property, you can start focusing more on the business aspect. You need to transform into an entrepreneur from an inventor or creator. How do you do this? Start with the basics – prepare a business plan, accumulate funds, identify marketing channels and do the groundwork.
You also need to determine the business structure that would be appropriate for your endeavor. Sometimes, an inventor or creator is too focused on the invention or creation to pay attention to the business. In such a circumstance, a partnership may be advantageous. However, consider its pros and cons before you make any decision.
Evans is passionate blogger and marketer. Currently he is associated with http://www.plasticchains.co.uk/.
3D Rendering Terminology: Guide For Architects to Communicate With CG Artists
When chipping away at a building representation project, a modeler and a 3D delivering worker for hire need to see...
Learn and Become A Professional DevOps Engineer!
Have you been having a tough time deciding what you want to do when you grow up? Once your school...
Debunking The Common Myths About Cosmetic Surgery
Just a few years back, plastic surgery was thought to be some kind of sorcery or something that existed in...
How to Choose The Right Type Of Flooring For Your New Home
Building a house from scratch can be a tedious and stressful process even though you know you are doing something...
3 Ways To Style An Oversized White Shirt This Summer
If there is one staple item you need ready for your summer wardrobe, it’s an oversized white shirt. They are...
5 Tips For Picking The Perfect Wedding Ring
Your big day is coming up for your wedding day and you set the standards too high with your engagement...
What’s That Thing Called? All You Need to Know About Your Car’s Lift Struts
Imagine you’re out for grocery shopping or a weekend outing with family, and you need to load your shopping or...
10 Places to Explore In Ahmedabad Gujarat India
In the state of Gujarat Ahmedabad or Ahmedabad is a significant region and one of the very prominent city areas...
Men’s Top Fashion Trends To Be Following Spring/Summer 2021
With us all being in lockdown on and off for a year, people are starting to get excited for the...
Find Blog Post Ideas Using Google Keyword Planner
Being a successful blogger means that you have to create captivating and original content that will be helpful to your...
Best Vegan Egg Alternatives For Baking
In recent years there has been a dramatic increase in veganism due to its numerous health benefits. People are much...
7 Smart Storage Solutions For A Small Bathroom
A small bathroom can be such a nuisance. You never have the space you need and everything seems to be...
What Are The Better Ways Of Building Data Lakes? : The Right Way Is Critical
The pattern is the main period that each enterprise needs to be conscious of if they need to generate greater...
Everything You Need to Think About Before The Road Trip
Road trips are perhaps the most flexible vacation format: they can be as long or fast, intense or relaxed, planned...
Justice Law In Rural Area: Keep Community Feels Secure
In order to strive and keep on progressing forward, the judiciary system plays an important role in instituting trust within...
- Tech6 years ago
Creating An e-Commerce Website
- Tech6 years ago
Design Template Guidelines For Mobile Apps
- Business5 years ago
The Key Types Of Brochure Printing Services
- Travel9 years ago
Who Else Wants Also Nfl Hat
- General6 years ago
Kobe Bryant With His Unique Nba Jerseys
- Tech7 years ago
Why Small Businesses Can't Ignore Mobile Technology
- Tech6 years ago
Climb Google Using These Checklists
- Health7 years ago
Health Supplements For Sports Activities Nutrition