Intellectual property means the incorporeal property like copyright works, patents, brand marks and even formatted trade secrets, which can be protected under federal as well as State law.
Selling of such property or copying is termed as criminal offence where the owner of the Intellectual property has every right to file lawsuit against the opposed person. Using of the patents, copying the trade marks, stealing the invention, duplicating the written literary work or composing songs on same tunes without any agreeing statement of the inventors or business firms will surely face offence claims.
Generally, to avoid such nuisances’ certain contracts and notices are formatted to protect the intellectual property. To ensure that the IP is your own asset, make sure to ensure the registering of your IP in your name or business firm’s name.
Here are few valuable hints to aid in protecting your IP:
- The contract should include all the basic terms to protect your rights. If you are licensing or renting your work to any other party make sure that the statements are written in simple language to evaluate any chance of misunderstanding which may later create havoc for both the involved parties. In case, of transferring of IP It will be helpful to hold the transferring rights till the whole payment is done by the buying party.
- In the specific document of ownership of the rights of the IP clearly state that the whole property belongs to you only. This kind of statement is beneficial when people copy your writings, and blogs from websites.
- Some patents are listed as your property till a time period. When the time expires the IP is ready to be leased or sold again by any state or government firm. Thus, it is a wise act to stay alert till the patent rights in your hands to be used profitably and safe guard them against any malpractices before the extended time limit ends.
- Copying of trademarks is a common illegal practice mostly done to gain goodwill of the existing firm or manufacturer brand. The consumers get confused and there is every chance that if the product is found substandard the consumer can file the case against the company. This kind of act is sure to harm your reputation in the marketing arena. You have every right to file the case against the firm’s owner, who has duplicated your brand trade mark following the trademark law.
- Make sure to list your invented patterns like architectural drawing, composition of software, graphic arts, making of motion pictures and sound recordings under Copyright Act. Those act gives the owner the whole rights to reproduce, distribute, perform, display or even lease the work as per their profitable preference.
- Registering your work is quite essential to save it from plagiarism act.
Today, there are many laws introduced to protect your intellectual property. It helps in the growth of the individual ideas as well as to maintain the reputation of highly acclaimed productive houses.
If the law seems to be little confusing make sure to contact trustable advocates in your locality such as Aaron or visit their websites to know more about intellectual property protecting rights stated by your federal law.