What’s the Difference Between Trademark, Copyright, and Patent
When you commence a business, you are necessarily not aware of the legal terms. Moreover, you also get confused about the different terms like the trademark, copyright, and patent.
Therefore, to simplify the terms, we have an entire blog dedicated to it. Before we get into the difference, let’s first clear what exactly is intellectual property?
What is Intellectual Property?
Intellectual Property also is known, as IP is the legal concept that refers to the specific creations of human intellect for which there are exclusive rights.
Under which the owners are granted rights related to a variety of the intangible assets.
Three common types of intellectual property rights include trademark, copyright, and patent.
A trademark is the sign, expression, or design that recognizes the product or items from a particular source. There’s no specification on what is a trademark. From individual, business, or organizations can be a trademark.
One can notice the trademark on the label of the product or on the package itself. Even you can find trademarks on corporate buildings.
Rights: With the Trademark right, one can prevent others from using the mark on their products and items. It also doesn’t allow creating a confusing trademark that’s similar to the actual one.
Copyright is the rights given to the authors for the protection of their work. It includes various works like literary, dramatics, the creation of songs, music, and other work that is published or unpublished.
With copyright, the owner gets the right to be credited and decide who can adapt his or her work, which can perform on it and financial benefits to receive.
Rights: Copyrights to the original work can be sold or given on the lease with consent from the owner.
The exclusive rights given to the inventor certain period of time that is 20 years in exchange for the public revelation of the invention is called Patent.
Generally, a design, methods, or chemicals can be patented.
Rights: in the scenario of the patent it has a bit different, you don’t give rights to sell or buy the invention. Instead, you exclude everyone from making or using it.