Get FAQs On IPR Enforcement A. Trademarks: 1. What Is The Basis For IP ...

Intellectual Property – refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images. Intellectual Property rights provide protection for creations and inventions, to enable creators and inventors to earn recognition and financial benefit from their work.

IP stands for Intellectual Property, whereas IPR stands for Intellectual Property Rights. The term IP is used in reference to original, novel creations and inventions which differentiate or set a business apart from another. Creators should get the exclusive monopoly and commercial benefits for their IPs.

The four types of intellectual property protection are as follows: Patents. Copyrights. Trademarks. Trade Secrets.

Copyright, trademark, and patent are three of the most common types of IP protection. These grant you exclusive rights to your creations, especially when it comes to the commercial gains of their use.

The factors are number of employees, IP awareness, technology, R&D, country of origin, nature of company business and the size/turnover of the company.

Copyrights, trademarks, patents, and trade secrets are the four primary types of intellectual property protection.

ENFORCEMENT OF IP RIGHTS The USPTO and partner agencies provide online tools and information for how to protect and enforce intellectual property rights, but rights holders should seek legal advice from a licensed attorney. In the U.S., the IP rights-holder is responsible for civil enforcement of its rights.

What are the main challenges facing businesses in terms of IP protection? The main challenges are registry issues, backlogs, delays in trademark and patent registration, lack of experts in patent claims drafting, the cost of protection, lack of awareness of IP rights among SMEs, and IP lawsuits.