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/.
4 Most Efficient Drainage Systems for Flat Roofs
The matter of drainage is the essential function of your roof. In fact, the very shape of a roof (a...
Google Algorithm Updates to Expect by The End Of 2021
Google’s algorithm updates tend to come with a lot of uncertainty and questions, and getting ahead of them is the...
Cozy Home Office Setup Tips For 2021
Whether you work from home or have set out a place for something you like such as crafting, studying, or...
Garden Party Ideas For Everyone
No one can make “a perfect’’ garden party, but we are all able to throw an amazing one. Of course,...
How To Find Low Competition Long Tail Keywords Using Free Tools
Keywords are the most fundamental and highest ROI activity when it comes to SEM and SEO. Having the right keywords,...
Top Tips For Healthy Family Meals On A Budget
A healthy diet is not very difficult to follow since there is a lot of information available on the Internet...
Tips For Your Morning Skincare Routine
Keeping your skin healthy can come down to numerous things. A healthy diet will be a good start in keeping...
How to Make SEO Work For You and Your Business
The world of search engine optimization has changed a lot, but certain fundamental principles like focusing on target keywords to...
How to Increase Your Vegetable Garden Yield This Year
If you are going thru the effort of planning, planting, caring, and growing your plants, you naturally want to get...
Why Families Benefit From A Family Dentist When Dealing With Oral Health Issues
Oral Health issues can be a source of conflict and stress in families, especially in families with young children. Not...
What Type Of SEO Is Effective?
Every business knows that it takes a huge amount of time and money to maintain a website. However, no one...
4 Reasons to Replace Your Car’s Engine With Performance Parts
Performance parts are the best kind of upgrades you can make to a car. Performance cars have a higher price...
Maximum Power: Update Your Old House For Modern Electrical Needs
An outdated electrical system can wreak havoc on your energy bills and greatly increase your risk of structural damage. If...
Key Techniques To Learn On A First Aid Course
Introduction First aid training is an incredible qualification that can enable one to offer life saving assistance in an emergency....
Best Tips For Managing Your Building and Construction Projects
Building and construction projects consist of many tasks, from job-site duties to office paperwork. Juggling it all can oftentimes be...
Tech6 years ago
Creating An e-Commerce Website
Tech6 years ago
Design Template Guidelines For Mobile Apps
Business6 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
Health8 years ago
Health Supplements For Sports Activities Nutrition