Intellectual Property

Intellectual property (IP) can be simply put as creations of the mind, for example – any invention; an artist’s art or literary work; a design; any symbols, names and even images that are used in commerce.

IP is then protected in law by patents, copyright and trademarks. Through these one can earn recognition, fame and money by utilizing their creation or invention. As part of the IP system, innovators’ interests must be balanced with the interest of the general public in order for creativity and innovation to flourish.

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    At Eazy Startups we cover the following Intellectual Property types:-

    Trademark:- A word, phrase, symbol, design, or something formed together with these things that identifies and resembles your goods or services can be considered as your trademark. It helps customers distinguish you from your competitors in the marketplace.

    The word “trademark” can refer to trademarks as well as service marks. A trademark is used for goods, in contrast a service mark is used for services.

    A trademark:

    • Helps customers identify the source of your goods and services.
    • Provides legal protection for your brand.
    • Protects you and your customers against counterfeiting and fraud.

    It is a popular misconception that if you have registered a word or phrase as your trademark, you can restrict others from using the words. However, you in reality don’t have rights to the word or phrase, you only have the authority to take action against faulters who use the words same as you to represent the business.

    Patent:- An invention is protected by a patent, which gives its owner the legal right to prevent others from making, using, or selling it for a limited period of time as long as the invention is disclosed in an enabling disclosure. It is common for patent rights to be governed by private law in most countries, so the patent holder must sue anyone infringing on their patent in order to enforce them. Depending on the industry, patents can be an important competitive advantage; they may not be relevant in others.

    Depending on national laws and international conventions, patent grant procedures, requirements on patentees, and extent of exclusive rights vary widely from country to country. The scope of protection sought is typically defined by one or more claims in a patent application. Each claim in a patent defines a specific property right.

    WTO member states should be able to obtain patents for any invention, in any field of technology, provided it is new, involves an inventive step, and is capable of industrial application, under the TRIPS Agreement of the World Trade Organization (WTO). In spite of this, patentable subject matter differs from country to country as well as between WTO members. Furthermore, TRIPS specifies a minimum of twenty years of protection.

    Copyright:- In ordinary terms, a copyright gives its owner exclusive rights over copying, distributing, adapting, displaying, and performing a creative work. Whether it is literary, artistic, educational, or musical, the creative work can take many forms. An idea’s original expression in the form of a creative work is protected by copyright, but not the idea itself. U.S. fair use doctrines limit copyrights based on public interest considerations.

    Depending on the jurisdiction, copies of copyrighted works may need to be “fixed” in a tangible format. There are right holders involved in copyright as well.

    Depending on the jurisdiction of a country the validity of the copyright across borders also depends. Some countries allow their copyright to be valid in other countries as well, while some don’t. 

    Generally, it is after 50 to 100 years after the creator’s death that the public law duration of a copyright expires. It also depends on the jurisdiction. Upon the expiry of the copyright, the work is under public domain

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