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Patents

Patents

A patent protects a novel invention, including a design process or physical product. Patents are time-limited, typically for 20 years. They create monopolies for patent holders. When creating a product, process or design, it's important to determine if you could be infringing on an existing patent. Otherwise, you risk legal repercussions, even for inadvertent infringement. An attorney is needed for patent search and creation. 

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Understanding IP protections

Understanding IP protections

You’ve got a great idea, maybe the next killer app. You launch, and the next thing you know, you’re wrapped up in a legal battle because, much to your surprise, one small component of your product uses technology that has been patented by someone else before you. 

Whether you're protecting ...

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Why might some founders neglect IP protections?

This could be the result of a lack of awareness of the risks of not establishing protections.

Patents, for instance, are not cheap to register, and not everything is patentable. Some founders don't consider the intangibles of what they are building. It's crucial to ensure differentiation of...

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Trade secrets

Trade secrets are meant to protect internal technology and processes that bring value to your business, and that would give others advantage to your detriment were they given access to such resources. Unlike a patent, trade secrets are not registered.

Protection is typically established thr...

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Copyrights

Copyrights

A copyright gives the holder exclusive rights to distribute, duplicate or recreate original works of authorship, which can include things like visual designs, software, graphic designs, web content and more. Unlike other IP protections, however, a copyright holder cannot successfully sue someone ...

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Trademarks

Trademarks

Trademarks protect symbols such as words, phrases, logos and other visual identifiers that represent a brand or product. This can also include sounds, colors and building designs. Think of things like the MGM lion roar, Barbie pink and a Burger King restaurant. Trademarks are primarily used to en...

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Related collections

More like this

Patents

  • Patents focus on protecting scientific items such as drugs, inventions, and technologies;
  • Patents go through a rigorous application and filing process where they need to submit a precise description of the item and be examined by an expert patent examiner that will determine whethe...

Invention and innovation

Invention and innovation

  • Invention is the creation of a product or introduction of a process for the first time.
  • Innovation is when someone improves on or makes a significant contribution to an existing product, process or service.

Steve Jobs' iPod is an ...

Analyzing new workflows

When you start to analyze the workflow for an existing process that hasn't been documented, your primary goal is to portray it using either multiple sticky notes or a workflow management software program.

  • Early in the workflow creation process, you will spot the gaps and inefficien...

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