A patent is used to protect an invention. It gives the owner complete ownership of an invention and the right to take legal action anyone who uses, sells or copies the inventions without permission. The ownership usually lasts for 20 years.
A patent application can take a long
Trade marks were invented for commercial purposes. They help protect a brand so that no one else can financially benefit from them. Some brands have become so successful that they are used by people without realising that they are trade marks.
There is an upside and a downside
It's hardly easy being a startup. There's lots of competition and resources can be limited. But shouldn’t you be looking ahead and registering your trade mark? When you're a startup, much of your time can be spent fine-tuning your product and perfecting your pricing. With so many
IP is essentially a person's work that needs to be protected so that no one else can financially benefit or gain recognition for the work. There are four types of intellectual property (IP) which are listed as follows:
Copyright - Protection automatically granted to authors