How to protect a new Business Idea?

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Sometimes, people have a brilliant idea in their minds and they bring those ideas to market or form startups. Exploring ideas and business is great but still, it has to face many issues and threat is one of them. When you are in the market anybody could steal your idea and present the same of their own. From all these issues Intellectual Property (IP) can help in the protection of ideas which may include trademark, patent and copyright.

Now, what does Intellectual Property means?

This word “Intellectual Property” was first introduced in the 19th century and in the present time IP has taken over the market as this term has common usage and also protects various creations. In dictionary terms, IP is a class of property which includes intangible ideas of the intellect of either individual or any organization. IP includes patent, trademark and copyright. IP also holds trade secrets, moral & publicity rights and also rights against unfair competition. 

Trademark 

Trademark is a sign, design, expression which differentiates as an Intellectual Property of any organization or individual from others. This word expression here includes slogan, logo, colour combination, photograph, sound, graphics and smell also. Most of the time people look to logo and brand name of the product, therefore trademark registration is important. Trademark registration will help in the protection of a startup idea and also provides benefits.

Trademark registration procedure – CLICK HERE

Patent 

Patents are a kind of Intellectual Property which prohibits others to sell, use, replicate or import a particular invention or process. If a person has done an invention of a product or process then he must go for patent registration. Patent and its rights are provided to the original inventor after fulfilling the required conditions for the same.

Patent registration procedure – CLICK HERE

Copyright 

Copyright is a kind of Intellectual Property which is used to protect from copy and distribution of particular item of either content or creation which is developed by the creator. There are many rights provided under Copyright which are -  communication to the public, rights of reproduction, translation of work and adaption. Copyright also has some classes of work which are – literary works, dramatic works, musical works, artistic works, published edition, performances, recorded sound, movies, films, telefilms, broadcasts on radio and television. 

Copyright registration procedure – CLICK HERE