Monday, February 22, 2016

Significance of IP Rights for Micro, Small and Medium sized Enterprises

The concept of intellectual property is related to the creative products of the human mind. Intellectual properties have now emerged as precious commodities for not only large scale companies and organisations but also for micro, small and medium enterprises. IP law firms in India provides legal services related to protecting intellectual property rights in India.

In order to reap competitive advantages of IPR, any micro, small and medium sized enterprise need to take two important steps

  •          Seeking guidance from  expert intellectual property law firms India to recognise the one’s intellectual property rights related to innovated tools / machinery developed or other creations of human mind.
  •    Registration of patent, industrial designs, trademarks and other available rights under intellectual property rights.


Major types of Intellectual property rights in India :

Trade Mark

Trademark refers to sign that distinguish goods and services of one trader from those of another. A trademark can be in for of symbol, words, logos, pictures or a combination of these

Copyrights

Copyright protects the literary or artistic work by giving the holder the exclusive right to control reproduction or adaptation.

Patents

Patents provide exclusive right to the patent holder to prevent others from selling, making and using the patented invention for a specific period of time, which is 20 years as per patent laws in India.

Trade Secret

A trade secret refers to confidential information of a trade used by it to obtain an advantage over competitors such as formula, practice, process, design or compilation of information.

It is prudent to seek advice from intellectual law attorneys for intellectual property rights in India. Intellectual law firms India offers a variety of Intellectual Property services in the fields of Trademark, Patent, Copyright, Design, Trade Secrets, Geographical Indication, Data Protection, etc. 

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