By: Raksha Tiwari
How to Ensure Protection of Intellectual Property
In today’s market scenario there is a lot of existing competition in every field. In order to carve a niche for your business, you are required to come up with unique and fresh ideas and make them your forte. In order to maintain your competitive advantage, you are required to ensure the protection of intellectual property.
Importance of Protection of Intellectual Property
In order to make sure that your Intellectual property is protected against all kind of infringement, you are required to take initiatives on your end. Simply registration of intellectual property is not the only solution as your competitors and other market players can work around it and come up with slightly different versions of it.
In such cases, this may seem like a total waste of effort on your part. But, don’t be disheartened. There are a number of other ways you can be vigilant and protect any kind of infringement of your intellectual property rights.
In this article, we will discuss different and effective ways for the protection of intellectual property rights.
Ways of Protection of Intellectual Property
We have listed out a number of different ways you can protect your intellectual property rights. Have a read and started to retain your competitive advantage in the market.
1. Register your Intellectual Property
The first and most important step is to register your idea or invention. This creates a legal right in your favor and discourages the other parties to use it without your knowledge and permission. In case any other party uses the same without your knowledge it leads to infringement of your intellectual property rights. Intellectual property registration is done in the following three types:
Patent Registration: Any new invention including product, any unique method etc. can be protected through Patent registration.
Trademark Registration: You can register the logo of your organization as a Trademark. Such trademarks help in brand building and your organization and products are identified through such trademark. Trademark is basically a combination of word, design, color or all of them.
Copyright Registration: This copyright registration helps in protection of original work of authorship. Such intellectual property rights can be created against published or unpublished material. Copyright covers books, films, music, movie, computer program etc.
2. Awareness relating to Intellectual Property Rights
Mere registration of your intellectual property does not mean that you are fully secured from any kind of infringement It is advised that you have a deep understanding of the intellectual property rights created in your favor and laws regulating them. You must have a strong internal policy to protect you IPR to make sure that no unwanted surprise comes your way.
3. Execute Non-Disclosure Agreements
It is wise to execute a detailed Non-disclosure agreement with the employees and partners who are exposed to the knowledge relating to your intellectual property rights. Parties ranging from employees, business partners, contractors etc are to be covered with such non-disclosure agreements. All the provisions relating to their obligation to non disclose along with punishments and fine in case of any infringement must be included in the agreement.
4. Continuous Innovation
If you are involved in the technology sector then even registration of your intellectual property does not provide you with complete protection. Reason being innovation is an evolutionary process. Thus the only way to remain on the competitive advantageous position is to maintain a relentless evolution cycle. This always keeps you one step ahead of your competitors.
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