The success of a business can largely depend on the protection of its intellectual property. With the overwhelming amount of protection options, it can be hard to know what method is the best for your specific need. This infographic illustrates the four ways you can protect your intellectual property as well as the benefits for each.
The first method of coverage is a patent which is categorized into three types: utility, design, and plant. Each type of patent varies in terms of the type of intellectual property it protects, and the amount of time the patent protection lasts. The next method is a trademark. Trademarks provide protection for a word, phrase, symbol, design, color, and even the layout of a store. The third method is a copyright which delivers coverage for works that are fixed in a palpable medium. This usually includes music, video, books, and other similar material. The final available method is a trade secret which protects information with independent economic value. This includes works such as blueprints, chemical formulas, research and development, and marketing strategies.
Each form of intellectual property is unique, and it is important to analyze the benefits of each form of security to make the best decision for your needs. It can also be helpful to consult a patent attorney to make sure you have considered all of your options.
You can find our other infographic on Entrepreneur.com
If you are interested in more detail related to your situation it is best to speak with an attorney.
Andrei Tsygankov is the Co-Founder and COO of SmartUp® and a partner at Founders Legal (Bekiares Eliezer LLP). As an attorney, Andrei specializes in corporate, commercial, trademark, and international business matters.
Source: Smartup Legal