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The Role of Intellectual Property Laws In Business

Intellectual property laws plays an important role in business. These laws are created to protect the inventions of the inventor from others. These law gives special rights to the inventor on his inventions.<br>

DonaldSmith
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The Role of Intellectual Property Laws In Business

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  1. The Role of Intellectual Property Laws In Business Intellectual property laws plays an important role in business. These laws are created to protect the inventions of the inventor from others. These law gives special rights to the inventor on his inventions.

  2. Types of Intellectual Property Laws • Patent • Copyright • Trademark • Trade Secrets

  3. Patent The patent system exists in most developed countries and is designed to give incentive to creators and inventors. Patents are approved by the US Patent and Trademark Office (USPTO), where patents are carefully examined and protection granted for those that meet legal standards.

  4. Copyright Copyright is a group of rights reserved for the creator of original work. It includes the ability to legally copy, change, and distribute the work. After a fixed period of time, a work protected by copyright enters the "public domain," freeing it from the restrictions of its former legal status.

  5. Trademark Trademarks can be a single word or a group of words or a logo that is used for the sale of goods. The owner of a trademark can rule out others from using it in the sales of their goods. It not only protects the trademark owner but the public as well as it minimizes confusion, and buying something that is, in fact, something else.

  6. Trade-Secrets Trade secrets are formulas, processes, instruments, or other information that give one business an advantage over their competition. These secrets can be protected through non-compete and non-disclosure contracts with employees, but once they are discovered, other parties are not prevented from using the information.

  7. Contact us • Our website - www.chippersonlaw.com • Chipperson Law Group, P.C. • Our Email id - info@chippersonlaw.com • Phone: 973-845-9071 • Fax:  973-845-6176

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