A company establishes a clear identity by protecting its assets from unauthorized use and by protecting its property, such as its brand name and logo. Although different forms of intellectual property were introduced by national administrations, they are useful for safeguarding the activities of investments and creations.
Trademarks, copyrights, and patents are the three categories of intellectual property. All three of these IPs have different functions and levels of business protection. Let’s take a view and understand various forms of intellectual property and how they operate.
| Intellectual Property | Use | Validity | Benefits |
|---|---|---|---|
| Trademark | Trademark registration eliminates consumer confusion by safeguarding brand identity and logo. It builds customer confidence in products or services and offers legal protection against unauthorized use. | Must be renewed approximately every 10 years. Owners can renew the trademark certificate. | Provides brand protection, creates a unique identity, differentiates goods/services, enhances brand presentation and value. |
| Copyrights | Grants exclusive rights for business performance, distribution, production, and public display of creative works. Encourages creativity and implements safeguards. | Valid for the lifetime of the author plus 70 years. No renewal required. | Protects work from unauthorized use, supports innovation, fosters creativity, and maintains legal ownership. |
| Patents | Allows owners exclusive rights to sell, import, or use their invention. Prevents unauthorized manufacturing or use. | Valid for 20 years. Requires periodic renewal to maintain validity. | Offers competitive benefits, attracts investment, enhances valuation, and grants exclusive usage rights. |
Copyrights, patents, trademarks, and intellectual property all have special uses. Businesses can use trademarks to protect their names and logos, while copyrights are essential for safeguarding original works of art, and patents for safe inventions. To protect the creations and the invention of your work, acknowledge which certificate is crucial. Make the wise choice by taking the tailored advice from legal Raasta experts.
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