Saturday, 19 March 2016

Need for Intellectual Property Right for Business and Types of Intellectual Property Rights

Every business is an idea.  Even the companies that are not in technology also use innovative idea in marketing, sales, advertisements and   in making of logos and brand creations. These ideas, if they are marketable and valuable, then are called intellectual property rights. The company who owns them needs to protect them, as they are created by the company after much thinking and brainstorming. 

Intellectual property firm helps the business to protect these ideas from being used by rivals companies. Not every idea is an intellectual property right. To get the cover of the law of intellectual property law, the idea must be marketable and have some value.

For companies based on technology, the creation of some unique technology, which drives the growth, can get the protection of intellectual property right law. The aim of the intellectual property law is to encourage individual and companies to come up with new ideas in science, technology, manufacturing, marketing and other aspects of business to boost growth and improve the economy. The protection, which intellectual property law gives, encourages creators to enjoy the fruit of their labor both financially and intellectually. This law also helps creative people to produce new works of art and literature and make world intellectually rich.

Intellectual property right protection comes through Copy rights, patents and trademarks. Copy right gives protection to the creators to product their work, display it in public and create copies of their work. Copy rights protect the expressive arts. With the protection of copyright law, the creator can enjoy the financial benefits, which his or her creator generates. However, it must be noted that in Real Estate Lawyers in Delhi certain countries, the copy right only protects the expression style of the idea, it does not protect an idea.

Trademarks as the name suggests protects the logo, brand and image of the individual business. It covers both products and companies. With the help of trade mark, it becomes easy for the consumer and business to differentiate their business from other similar businesses. Without trademark, anyone could have used the successful mark, name and logo of any successful company or product. 

Patents law of the intellectual property law helps to protect the innovation from being used, sold or copied by other for certain period of time. With this protection, the innovators can enjoy the fruit of their innovations. Also without this law; the incentive to innovate may have gone forever. Then there are design patents, which protect the design of the product. Utility patent protects the specific function innovation in any industry.

Businesses have to apply to get these protections. In case of any violation of the intellectual property law, Intellectual property firms in Delhi  the businesses should consultant the experienced intellectual lawyers. An experience lawyer can help to get back the royalties and compensation for using work without permission.      

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