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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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MORE IDEAS FROM THE SAME ARTICLE

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. 

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.

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

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 ...

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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