Intellectual Property Rights
Trademarks, copyrights, and patents protect different types of intellectual property..
Trademark : A trademark TM is a word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others.
Copyright :Copyright is a form of intellectual property, applicable to certain forms of creative work. Some, but not all jurisdictions require “fixing” copyrighted works in a tangible form.
Patent:A patent is a form of right granted by the government to an inventor, giving the owner the right to exclude others from making, using, selling, offering to sell, and importing an invention for a limited period of time, in exchange for the public disclosure of the invention.
Benefits of IPR
Legally prevents others taking advantage of customer good will generated by your business by trading under your name (or something very similar).
No official registration required. Comes into effect immediately. No cost to marking something as copyright.
Attractive to investors as it limits competition.
A patent gives the legal right to stop others using your invention. Its existence may be enough to deter competitors Buys time (20 years) in which an inventor can develop a market to the product or process.
