Many people suddenly think of a creative idea that could be quite useful for the society. They invent something no one has ever thought of before. If you find yourself in a situation like this, you should have your idea protected. That way, you will be the only person financially benefiting from your invention. Additionally, no one would be able to steal your idea, as it would be under the protection of intellectual property law.
IP is a legal concept that will give you exclusive rights when it comes to your revolutionary idea. It refers to intangible assets, like words, symbols, inventions, musical and artistic works. Discovering a new idea is quite exciting, as long as you protect them as your own. If you don’t, someone else will benefit from your mind creation and intellectual labor. If an individual makes a perfect replica of your creator’s work, you probably won’t think of it as a sort of flattery. Having your original work copied and distributed without your permission can be quite annoying, not to mention it will steal your potential income.
Don’t take your creativity for granted, protect your idea straight away. If you think you don’t know enough about what is intellectual property – LLIP Law professionals will help you. IP is an area of the law which is constantly changing, so you should contact someone who specializes in this field. Experts will answer all the questions you might have, and advise you on steps you need to take to protect your idea.
Types of intellectual property
The first category is a trademark. It distinguishes one company from another and includes a name, logo, symbol, phrase, image, or a combination of any of these elements. It can also include a sound or a jingle. Since recently, trademarks include a variety of electronic and digital images. If you want to protect your idea that falls into this category, you should hire trademark attorneys.
The second type is copyright. It protects music, literature, other creative works, and any information that is substantive and discrete. It gives the holder the privilege to be credited for his invention. Additionally, he or she can decide who will financially benefit from their work, if it will be adapted to other forms or not, and more. Copyright will protect your invention only for a limited period. However, it lasts for several decades, so you don’t have to worry about it expiring soon.
The third category is a patent. It has a limited lifespan and includes inventive devices, scientific discoveries, processes, and more. Under a patent, you have the right to exclude others from using, making, selling your invention and offering for sale. It is valid for 20 years from the date of filing an application. If you want to extend it, you need to pay maintenance fees. You can take a look at patent protection FL for more information.
Finally, a trade secret covers design, formula, instrument or pattern, process or practice, and a compilation of information. It is protected through employee confidentiality. They are required to sign non-disclosure clauses that prevent them from working with competition in the future and disclosing secrets. It doesn’t have a limited time span.