Creator of any intellectual property (IP), such as technology, artwork, and inventions need to be encouraged. But how is it? By giving them the intellectual property rights, they deserve.
Intellectual property rights are provided to protect their original work, inventions, the appearance of product, scientific development, and so on they create.
There are many types of intellectual property. But the most well-known types are copyrights, patents, trademarks, and trade secrets.
However, this particular page is only allocated to the beloved 2 types. They are trademark and patent. Here we will show you the differences.
What is Trademark?
Trademarks are distinctive marks that enable customers to distinguish particular products or services from other people or companies.
As an example, take one upstart company like McDonald’s. We will know it is them straight after we saw the words (Big Mac), logo (golden arches), slogan (I’m lovin’ it), or even a package design (a Happy Meal bag).
These. These whole distinctive signs of McDonald’s are the ones that we called trademark.
What is a Trademark Protect?
Quoted from International Trademark Association (INTA), a trademark is a word, phrase, symbol, and/or design that identifies and distinguishes the source of the goods of one party from those of others.
So, more, and less, trademarks can be used to protect:
• The products or services.
• The features/characteristics of the products or services.
• They who provide the products or services.
The Period of Trademark Protection
The registered trademark is valid for an unlimited period of time, as long as the mark is being used in commerce. But still, peoples need to renew their trademark.
Every country has his own rules about how long until they must extend it. For example, USA and U.S. registration must be renewed every 10 years.
What is Patent?
A patent is used to prevent another party to make, sell, use, or import a certain product or service without a permission.
The patent can be commercialized by the patent owner. They may to buy and sell the patent or granting a license to the invention to any third party under mutually agreed terms.
What is a Patent Protect?
Below is three different categories of patents and the specific things they protect.
This patent protects the creation of a new or improved product, process, composition of matter, or useful machine.
This patent protects the ornamental design on a useful item.
This patent protects new kinds of plants produced by cuttings or other nonsexual means.
The Period of Patent Protection
Some nations in Europe and USA will need 20 years before they renew their patent. It can be varied depends on the country law.