Every company has its own style of working and innovations. The spirit of being different from the rest keeps the competition alive. Also, it is mandatory to make sure that your unique idea doesn’t get copied. The trade mark or patents by your company makes them your company’s intellectual property. They cannot be legally acquired by someone else and give you added advantages in the market. Having your own trade mark or patent is like a cherry on the pie.
Here are some points to be noted -
1. Registration of trademark :
Right after the formation of your company, you need to give it a different identity. Giving it a name won’t help alone as many more companies might possess the same name. So you tag it with a unique trademark. It works as the identity of your company. You must register your trademark at the Intellectual Property Office (IPO).
2. Getting your patent :
Got a unique innovation implemented? Get it patented as soon as possible. Once your work gets patented, it is impossible for somebody else to use the same work by their name. The patent describes your piece of innovation, how it is made, what it is made of and every minute detail. It would be illegal for other to use it.
3. The power of patent :
Once your work gets patented, it has the power to rule the market for 20 years. You will be the sole manufacturer of it and nobody would be able to manufacture the same thing as you. In short, your company will stand alone in the market to sell that patented product.
4. Copyright :
This is another perk of intellectual property. You can declare your creative works of art or literature as copyright so that your idea does not get copied at any platform.