All competitors try to find whether your business IP is protected or not. Safeguarding the business IP is a first step in maintaining and developing a successful brand or business.

1. What is Business IP and how
are these protected?

2. Developing a unique software or product for your business or bringing
creative ideas into reality can prove to be the greatest asset. Today, the
majority of startups do not recognize the need of protecting their IP
(intellectual property). Intellectual property is a portrayal of intangible
things such as patents, trademarks, copyrights, ideas, and unique
concepts.

3. Types of Intellectual Property
● Patent
● Trademark
● Copyright
● Design

4. Patent
A patent is a specific right granted for any method, device, software,
process, or device that is innovative and new. The patent itself contains
the technical data behind creativity or invention.
Trademark
A trademark is used to distinguish services and goods from one
business to another business, be it a number, letter, word, sound, logo,
picture, or phrase.

5. Copyright
Copyright is an automatic legal right given to the founder or creators of
original works and is mostly applied to art, books, music, software
templates, sound recordings, publications and films.
Design
A design refers to features of configuration, pattern, and shape which
gives a product an original appearance. The registered design allows the
creator to use it for any commercial purpose, and to license or sell it.

6. How to Protect Business IP
IP protection is designed to prevent ideas and creation from anyone else
unless they obtain your permission. Exactly how are IP rights protected
that depending upon the nature of business IP. Some IP only requires
one-end protection, while some others require two or more way
protection.

7. The major ways to protect business IP
● Keep it under scrutiny
● Be aware of intellectual property rights
● Consult a professional
● Keep a record of almost everything related
● Secure IP without delay
● Double-check the idea or creation

8. Keep it under scrutiny
Businesses need to apply world-class security for IP. Protecting
intellectual property is important to stay away from unnecessary issues.
Enterprises need to know how does a business protect its IP and the
reasons for protecting intellectual property rights. When an enterprise
has everything under its control, they do not need to think about
unnecessary security issues.

9. Be aware of intellectual property rights
Businesses need to invest some valuable time in making innovative
teams aware of IP rights. They should deeply understand the key things
such as copyrights, patents, trademarks, etc. This will help businesses
to stay away from last-minute shocks in future.

10. Consult a professional
Businesses have to seek advice from the patent attorney. A certified
attorney provides exceptional support to keep IP secured and safe.
Secure IP without delay
It’s mandatory to secure intellectual property because the delay of a
single moment can lead to the stealing of precious data. Intellectual
property protection helps companies to have ownership of particular
creation or idea.

11. Keep a record of everything related
For protecting IP from unwanted loss or theft, enterprises must record
every part at regular intervals. Everything from the idea conception, the
total number of meetings conducted, the people who were a part of
those meetings, should be maintained. This will work with reliable
evidence that gives them ownership of their idea or product.
Double Check the idea or creation
Enterprises will have to do proper research to ensure that idea belongs
to the creator. It’s important to avoid unnecessary issues in future.

12. Thank You
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