From the Legal Information Institute, intellectual property (IP) refers to creations of the mind. Such a creation has unique features unknown to others. It can be an invention, musical work, unique name, literary work, and so forth. As the creator of the property, you reap the benefits of your intellectual property. Your creation may bring you high recognition in the marketplace. A Daytona intellectual property lawyer can help you legally protect your property and enforce your rights.
According to the World Intellectual Property Organization (WIPO), an intellectual property system aims to foster a setting in which originality and invention can flourish. An intellectual property system helps in the protection of the works of creative originators. The system at the same time permits the public to access those works devoid of the threat of theft. Even if the public enjoys your inventions and ideas, only you profit from your brand. If you want to maintain your relevance in the marketplace, consider hiring an intellectual property attorney.
If you are in search of an intellectual property lawyer, Bogin, Munns & Munns can help you with finding the right attorney with the skillset you need. Our intellectual property attorneys have the skillset and knowledge to help you protect your innovations. To have an attorney review your case, fill out our online forms or call at (407) 578-9696 today.
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Intellectual Property Rights
Different states recognize different types of intellectual property in their legal system. Two divisions of intellectual property are industrial property and copyright. Patents, trademarks, industrial designs, and other things related to the manufacture of a product form the basis of industrial property. Architectural designs, artistic works, music, and other similar artistic endeavors form the basis of copyright. Amongst the said examples, there exist four categories of intellectual property that many states recognize.
- Trade secrets
Distinction Between Trademark, Copyright, and Patent
A Daytona intellectual property lawyer will tell you that various people find it difficult to strike a distinction between trademarks, patents, and copyrights. As presented by the Copyright Alliance, a trademark refers to a company’s or an individual’s ownership to a property that gives them exclusive rights to the work. It is important to trademark your intellectual property. You can pursue legal action when someone tries to infringe on your brand.
A copyright refers to the legal exclusivity given to an inventor or a literary work, art, or musical creation. With the power of copyright, you have the discretion to choose how the public gains access to your creative work. You can also transfer your creative works to other entities through licensing, passing on, and other forms of transfers.
A patent prevents other entities from commercially profiting from your brand. Patent law incentivizes creators to disclose their creations in exchange for certain exclusive rights. The main aim of patent law is to encourage commerce, technology, and advancement.
Protecting Your Trade Secrets
A trade secret is a type of intellectual property that comprises processes, designs, patterns, formulas, and anything unique to the production of your product. Various inventors go at great lengths to protect their trade secrets, especially from their competitors. When another entity knows your trade secret, they can use it for profit, and that makes you irrelevant in the marketplace.
The following comprises tips needed in protecting your trade secrets.
- Identify the intellectual property that needs protection
- Track all information stored in technological devices
- Secure all computers that have sensitive information
- Uphold secrecy with outside vendors
- Limit public access to intellectual property
- Set up an employee training policy
With regard to setting up employee training policy, you have to ensure that all the employees that handle the intellectual property receive proper training. They should sign non-disclosure agreements as a company policy after receiving employment. A non-disclosure agreement is an important legal framework that helps you protect confidential information. That makes it easy for you to pursue legal action against any of them when they infringe on your intellectual property rights.
Additionally, you have the right to make your employees sign a non-compete agreement on termination or resignation. The non-compete agreements last for a specified period. Some jurisdictions term them as restrictive covenants, but they have the same effect. They prevent an employee from using any valuable information they got from your company for their gain or the gain of a competitor.
Hiring an Intellectual Property Lawyer
Intellectual property lawyers help their clientele by legally protecting intellectual investment. Some of the things your attorney can help you with include franchising, technology transfers, and distribution issues.
Besides, your attorney can help you in:
- Drafting licensing agreements
- Performing due diligence
- Negotiating IP settlements
You may want an attorney to safeguard your intellectual property from infringement. They do this by registering your invention under respective patents, copyrights, and trademarks. A lawyer will assist you by assessing the quantity or quality of your assets and finding out the intellectual property licensed under your name.
If you are looking to protect your invention, the first person that you should consider contacting is a Daytona intellectual property lawyer at Bogin, Munns & Munns. To have a member of our legal team review your case at no charge, fill out our online forms or call at (407) 578-9696 today.
Call a Daytona Intellectual Property Lawyer Today
Without the correct legal backing, any person can use your original creations as their own. Hire an intellectual property lawyer to help you protect your intellectual property. Our intellectual property attorneys at Bogin, Munns & Munns can help in protecting your interests. For a case evaluation, call at (407) 578-9696.