Patents protect innovative inventions. During the life of a patent, its owner has the exclusive right to exploit the patented invention, either solely or by licensing to third parties, generating revenue. No one else has any right to it. A company which owns patents can raise finance and will be attractive for potential investors and purchasers.
An alternative to formal patenting is to keep the details of the invention confidential as a trade secret. Commercial product recipes are normally protected in this way. But this depends on trust, constant vigilance, and good confidentiality contracts.
There are restrictions on what can be patented. Software is normally protected by copyright, another intellectual property right ? unless the software has a technical effect that goes beyond the normal interaction between program and computer. Then it may be patentable.
For help on patent issues or any other intellectual property issues please contact rachel.burnett@parissmith.co.uk
Tags: Intellectual Property, inventions, patents, trade secrets
Source: http://www.parissmith.co.uk/blog/patent-inventions-for-commercial-success
grammy winners obama budget woolly mammoth stacy francis belize resorts nikki minaj grammy performance shel silverstein
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.