• Business

    Intellectual Property the Most Valuable Assets

    Intellectual property such as copyrights, trademarks, and patents require legally ratified intellectual property licensing agreements. A licensing agreement or license is a government-approved document that gives someone permission to engage in a defined activity to use certain property, including intellectual property, that is owned by someone else. Such intellectual property law regulations are essential when enforcing the owner’s rights to their intellectual property.

    Copyrights

    Copyrights are forms of intellectual property that protect original works of authorship, be they literary, theatrical, musical, choreographed or artistic creations. (This includes specific formats such as novels, plays, songs, software, and paintings from the moment they are finished and fixed in a tangible form.) Copyright law affords the author (or owner) of a specific work the legal right to control reproduction, distribution, adaptation, public use and display, and translations into other languages or other mediums of their work. Be aware that copyright protection does not protect ideas as is explained on https://www.companionlink.com/blog/2021/12/the-benefits-of-patent-services-from-inventhelp-experts/ article.

    Patents

    Patents are a form of intellectual property protection that protect new and useful machines, technologies, articles, chemical substances, or processes through exclusive rights granted by the federal government to their inventors. To receive an invention patent, the inventor must appeal to the federal government; and if the invention patent is approved, a document will be ratified and published detailing a full description of the invention and its specified use in the patent disclosure. The duration of the patentee’s exclusive right lasts for 20 years from the date when the application was filed.

    Trademarks

    Trademarks are forms of intellectual property that protect identifying marks that distinguish goods, companies or services. To qualify as a trademark, a mark or symbol must be identified in the minds of consumers with a particular source. Trademarks also are available in different levels of protection or “strength” including generic marks, descriptive marks, suggestive marks, and arbitrary or fanciful marks.

    Intellectual property represents a company’s most valuable and vulnerable assets. When those assets are endangered, companies need experts that can deliver results without compromise. Many companies seek lawyers that understand the particulars of intellectual property, and a firm, such as InventHelp patent agency, that can protect and uphold their business interests.

  • Business

    The International PCT Patent Application

    A PCT International Patent Application allows you to reserve the right to file a utility patent application in many countries around the world. The PCT Application must be filed within a year of the date your initial patent application was filed to claim priority from your earliest application or before your invention is published. Many countries have an absolute novelty standard and often any disclosure of your invention without a non-disclosure agreement will operate to prevent you from obtaining patent protection abroad outside of the United States. That is why you need professional help for your new invention idea.

    An applicant should consider filing for patent protection in foreign countries if the invention derives sales in those foreign countries as the foreign patent preparation and prosecution can be costly. A PCT International Patent Application does not issue into a patent and merely provides for a search to be conducted and report to be generated.

    Thereafter, an applicant must enter the National Stage and file in the desired foreign countries. However, an applicant does not have to decide where to file specific foreign patent applications for up to 30 months from your earliest U.S. filing date, and costly foreign filing fees can be deferred until later where a more informed decision can be made.

    The PCT International Patent Application is assigned to an Examiner and the Examiner conducts a search and generates an International Search Report. Based on the references cited, the Examiner will determine whether the invention has inventive step and whether the invention is novel and will prepare an International Preliminary Examination Report, which will be forwarded to the desired countries where the applicant will enter the National Stage. An applicant must file a patent application in the desired foreign countries that the applicant desires foreign protection otherwise the protection can be irrevocably lost. Therefore, it is advisable to always consult with a professional patent agency, such as Invent Help.