the 4 different forms of ip protection
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The 4 Different Forms of
IP Protection
Intellectual Property
1. Trademarks
2. Patents
3. Copyrights
4. Trade Secrets
1. Trademarks
Definition
• Form of recognition for a company or entity.
• Expresses the origin of a product or item.
• Can be a symbol, design, a name or an expression.
1. Trademarks
Protecting Trademarks
• Losses are associated with associated with violations that happen in a matter of months.
• Businesses must be proactive and catch violators immediately.
• Keep trademarks active by using them regularly.
2. Patents
Definition
• Protect original inventions.
• US now follows first-to-grant system, meaning that whoever applies first receives the patent.
• Gives an entity the right to produce items that use patented knowledge.
2. Patents
Protecting Patents
• Hire a high-quality international translation company for foreign patents.
• Check for prior art.
• Watch out for patent trolls and non-practicing entities.
3. Copyrights
Definition
• Protects written works and artwork.
• Usually last for a finite period of time.
• Requires publishing or date of creation for protection to extend over a work.
• Under the Berne Convention, every original work is protected, whether or not it’s registered.
3. Copyrights
Protecting Copyrights
• Difficult to protect with the internet.
• Litigation is expensive—pick and choose battles.
• Most cases don’t go to court, work it out in settlement.
4. Trade Secrets
Definition • Business information:
formulas, practices, processes, designs, or compilations of information.
• Not accessible to the public or generally known.
• Valid reason to retain in secrecy.
4. Trade Secrets
Protecting Trade Secrets
• Corporate espionage and employee poaching are illegal.
• To protect information, have employees sign non-disclosure or non-compete agreements.
IP Translation
• International patent translation is a vital part to protecting your company’s IP.
• MultiLing has the people, processes, and technology to give your company high quality IP translations.
• Contact MultiLing for a free bid request.