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Protection of intellectual property rights

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It is not always that people invent valuable assets. A piece of invention, literary and artistic works, symbols, names, images, and more are some valuable assets that are known as intellectual property. Once these kinds of intellectual assets are created it deserves to be protected. Here we would know how intellectual property rights can be protected.

As there are a fair number of competitions in the market and there is no dearth of intellectual minds who can create pathbreaking ideas, every business owner and entrepreneur should learn the basics of intellectual property law and how the rights of IP assets can be protected. Brands create ideas and assets that help them to secure an esteemed place in the competitions. To protect the rights of these assets under all circumstances becomes extremely important. But, why is it important to protect intellectual property rights?

  • Being ahead of the competition with an invention of something new and different
  • It can be a source of earning revenue if sold or licensed
  • Makes you different from your competitors
  • It can be used as security against the loan
  • Helps in marketing and promoting your brand

To protect your intellectual property rights, you might need an experienced attorney. An expert attorney can help you to save your ideas, designs and other important assets. He can also help you to follow the right process of filing an IP application, which otherwise is a time-consuming and expensive process. He can guide you to understand which of your ideas comes under the protection of IP rights, file IP rights promptly to avoid losing out on protection and investigate briefly about the protection rights in different countries. Strategic planning and following the proper guidelines will help you stay ahead of your competition and invent your assets effortlessly.

The four main types of IP protection for your businesses are:

  • Patents – Patent property rights are given for a work of art or invention so that the inventions can be protected from buying, selling and using it for other purposes. A new idea or invention empowers a business in many ways; one of which being improving its process flow. If the patent rights for these ideas or inventions are protected, then the business will have a competitive edge in the market. Patent rights can be obtained by filing a patent application with the country in which you wish to hold your patent rights. Since there are no such worldwide or global patent rights, the inventor needs to file the patent application in their respective country. The patent application must be filed within 12 months of the invention. Failing to do so the opportunity would be gone forever.

The three types of the patent are:

  1. Utility – The patent covers process, machine, manufacturer articles, the composition of matter or any other new improvements. This patent lasts for 20 years.
  2. Design – The design patent covers new, original and unique ornamental designs of a manufacturer article. This patent lasts for 14 years.
  3. Plant – If any new variety of plants are produced asexually this can come under plant patent. This patent lasts for 20 years the same as a utility patent.
  • Trademark – Trademark is a kind of intellectual property rights that distinguishes each business and makes them stand out from the rest. A word, phrase, symbol or design is unique to any product or service. We identify a brand through their trademarks, hence, to protect the invention, trademark rights are provided. It certainly should be distinct to qualify for filing the application. How frequently one uses the trademark makes it familiar and popular among the masses, but it is always suggested to enforce the rights and protect them. The trademark that you choose for your brands should not just be unique and distinctive, it should give out a clear identification of your brands. The trademarks rights are valid up to 10 years, thereafter, it should be renewed for a decade more. To file the protection rights, you need to apply a “use” application after using the mark, and before using the mark you must file an “intent to use” application. Filing an application can be complex and time-consuming, hence it suggested that the applicant should hire an attorney, who is a specialist in trademarks.

  • Trade secrets – If you have sensitive business information like formula, process, device or more that must be kept confidential to help a business gain a competitive edge over others, these are known as trade secrets. There is no steadfast law of protecting these rights, hence, necessary steps should be taken to control the disclosure memorandum and use the information as quickly as possible. The business decision-makers who need to share the information with the people who would be implementing the ideas must sign the non-disclosure agreement to restrict access to sensitive information. Protecting the trade secrets of your companies are the most essential thing to make sure that all your works, ideas, and marks are held confidential until released in the market in the form of services or products. The example of trade secrets is:

  1. Soda formulas
  2. Information list of customers
  3. Results of surveys
  4. Computer algorithm
  • Copyrights – The artistic inventions such as literary works, music, dramatic works, pantomimes and choreographic works, sculptural, pictorial, and graphic works, sound recordings, artistic works, architectural works, and computer software come under copyrights protection. The artwork that can be expressed through tangible perceptible medium qualifies under copyrights’ law. Copyrights are enforced the moment the original work is created. Even if the artwork is registered it may face statutory damage. The artists then need to incur attorney fees in a copyright infringement suit to register the work through the country’s copyright office. The copyrights last for lifelong and an additional 70 years but are non-renewable.

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Business

An American internet entrepreneur creating world history

Everyone is well familiar with Facebook, it’s each update, but hardly folks know the story behind this most successful platform. Let’s get familiar with the truth behind this success and of course the brain behind this platform. Facebook, one of the most renowned and used platform was launched by Mark Zuckerberg, from his dormitory room along with his roommates. This platform was launched with an intention to connect pals of his college, Harvard University. But the reaction received by his locally launched platform was far beyond the expectation.

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By Mark Zuckerberg, Chief Executive Officer of Facebook

Zuckerberg launched Facebook in 2004 but unexpectedly users of this platform crossed several one billion in 2012 and in the same year he took company public. Apart from this platform, another achievement of Mark Zuckerberg was being a billionaire in the youngest age of 23 years. In 2010 he was awarded as Person of the year and his name was listed in the top 100 wealthiest and most influential person in the world.

Career enhancement:

Initial achievement of Mark was a communicating platform called as ZuckNet, developed to connect computers of his home and his father’s dental office. He started his professional life in very young age during his high school years with a company named as Intelligent Media Group.

Later when he joined his college he gained a “reputation as a programming prodigy”. Initially Zuckerberg launch a website in with pictures of two male or female with an option for viewers to select “who is hotter”? This website gained high popularity within campus over a weekend and on the very next working day college restricted use of this website as it was restricting Harvard’s network switches and also this website was reported as an improper one by the college students. This triggered Mark to develop a new platform and on February 4, 2004, he launched a social media platform that was initially named TheFacebook.

Within the time span of 6 years this social media platform gained a milestone of 500 million users and number of users itself narrates the success story of this platforms and ultimately of Mark.

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Business

Best activities offered by the top Business hotel in Santa Barbara

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Situated on the beautiful southwest California coast, Santa Barbara is 90 miles drive away on the west of Los Angeles. The distinct architecture of red-roofed Spanish-Mediterranean style buildings, mesmerizing oceanfront view, traditional festival and broad boulevards sheltered by breeze-blown palms has helped Santa Barbara earn its predominant reputation of being “American Riviera”. The most popular activities in the area are wine tasting; beach basking and travelling around the city can help you to come in the close association with the local culture and traditions.

The best business hotels in Santa Barbara are the perfect blend of Spanish tradition with all modern amenities. Whether you are looking for chic resort with poolside café or bar, delicious Mexican food or an impressive Pacific Ocean views, Santa Barbara promises experiences of lifetime. Booking a conference hall, suite or room is extremely affordable based on your style and preferences. The management team of some of these hotels can also arrange the following trips for their visitors and tourists across the city.

  1. A sight you can’t miss – After busy business appointment you can take a tour of Santa Barbara Historical Museum, the Santa Barbara Museum of Art and El Presidio de Santa Barbara State Historic Park. A few more places like maritime museum and a kid-friendly sea center near the waterfront; a zoo and a botanical garden are considered as good options, if you are planning for a leisure tour across the city.

  2. Steal a moment of pleasure – There are multiple options for scuba divers, hikers, and wildlife watchers. You can share your travelling plans with hotel management team, who can easily arrange to book passage either by plane or boat on to the Channel Islands. The Channel Islands is a national park comprises of eight islands. The place promises a view of selected sandy beaches as well as inland trails and snorkeling hot spots. There is also a list of fine beaches to take a stroll including East Beach, West Beach and to the south, Carpinteria State Beach, when the time is just right for you. This list of activities can make your journey a worth-while after a real busy and hectic business schedule.

  3. Unwind yourself after a busy day – If you are travelling to Santa Barbara, the wine country and not taking a tour of the local vineyards and the local landscapes, you are surely missing out on something. Hence, you might reconsider including it in your bucket-list. The management team of some of these hotels can schedule a trip to the local vineyards and rural landscapes. You can also visit the wine tasting rooms to taste the flavours of some the mouth-watering traditional wines and season’s best beverages.

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