Importance of Patents, Copyrights & Trademarks For Startups
16 Nov 2018 10:11 AM GMT
The present article does not educate about what is IP and what does different IP mean, rather, we try to focus on why is it important for a Startup to protect their IP. Based on our interaction with Entrepreneurs, we come across below questions/challenges often faced by a Startup.
- The decision to define the important or prime IP shall be made in terms of Startup’s identity and branding, i.e., a trademark of the company and prime products/processes, innovation, the layouts and designs created by the Company.
- Further, in case of patents and designs, the IP shall be applied for protections right at the time of inception and the inventor/company, i.e., the best time is at the time of creation.
- ➢  Best IP to protect : For a Startup, the IPs of pristine importance are the trademark, patents, and designs.
- For example, a product can have various IP protections, for example, the unique shape of a product.
- There are umpteen reasons to search the patent archives, trademark and company registers, designs register for already protected IP.
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