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The importance of innovation
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How to think big and take risks
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 whether the item meets their standards;
- Patents last for 20 years from the date they're filed.
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Protecting Intellectual Property
The idea of property protection has been around since the early 500 BCE in Greece. Their chefs were granted year-long exclusive rights for creating specific cuisines.
Now, the goal of intellectual property protection has stayed the same, which is to
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Trademarks
- Trademarks do not protect artistic or technological works but instead the companies that create them such as Coca-Cola, Play-Doh, and NBC;
- Trademarks are born out of use in commerce and can range from logos, brand names, smells, designs, and even sounds;
- They can last inde...
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Copyrights
- Copyrights cover the protection of new artistic and literary works such as books, plays, movies, and even the photo you took for your social media profile;
- Copyrights are automatically created the moment you produce something, however it is recommended to formally register for a co...
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