By: Kashish IPR
Intellectual Property (IP) appears to be one of the most valuable assets for almost every startup. That’s why many startups put the Intellectual Property Protection on top of their priorities. In addition to protecting products and services, these protections can influence the owners’ confidence and fundraising efforts. In other words, IP protection bestows businesses and entrepreneurs with a tremendous sense of confidence and passion to not only succeed but also become a leader in the relevant area.
Like other entrepreneurs and businesses, you must also want to achieve long-term success and secure your valuable ideas, products, or more under IP protection. Well, if it is true, then there is a need to familiarize yourself with some significant components of Intellectual Property Law.
Top 5 Things Startups Need to Know About IP Law
> Types of Intellectual Property Rights (IPRs)
In the IP industry, there are many types of IPRs. Each of these rights safeguards a specific category of assets. In general, IPRs fall under four categories named as patents, trademarks, trade secrets, and copyrights. Patents empower the original inventor to prevent others from copying, making, or selling his invention. Copyrights provide the exclusive rights to protect original works of authorship such as literature, images, or software. Trademarks secure the unique words, symbols, and designs that distinguish your brand from others. Trade secrets come into action when you hold any special “secret” manufacturing method that gives your startup a competitive advantage in the marketplace.
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