Intellectual Property Overview
If you want to profit from your original work and inventions, filing for intellectual property protection is critical, and working with an experienced lawyer to make sure your applications are correct is critical. Also, if a business owns the valuable intellectual property, it can increase the value of the business itself. Deciding on the right type of intellectual property protection is also important. Learn about the three primary types of IP to the right.
A trademark protects brand names, taglines and logos used on goods. Logos are considered Design Marks while plain text names and taglines are considered Word Marks. You may need both types of trademark. Service Marks are used to protect the names of intangible assets like ideas and songs.
For example, if you own a restaurant or other food business and you want to make sure nobody else in your area uses the same name and logo as you, a trademark would protect you.
Learn more here about getting legal assistance for trademark law.
A copyright protects authors, artists and creators. Copyrights cover creative works such as songs, novels, movies, computer software, poetry and architecture.
If you own a construction company and develop original building designs or you’re a real estate broker and you write a book about your sales processes, you need to register for a copyright to protect your valuable creations.
Learn more here about getting legal assistance for copyright law.
A patent is a form of intellectual property that protects inventions. The two most common types of patents are Utility Patents and Design Patents.
If you develop a new kind of machine or your software company develops new software, you may need a patent. Note that software can be both copyrighted (for the code) and patented (for the invention). Deciding on one vs the other has significant consequences. Sometimes you may need both.
What Does an Intellectual Property Lawyer Do?
Intellectual property lawyers operate in three main capacities.
Once you know what sort of protection you need, lawyers can conduct searches for existing trademarks, copyrights or patents that might prevent you from registering your creation.
- If the search is clean, your lawyer can prepare and file all of the necessary paperwork
- During the approval process, lawyers will communicate with the government, answer their questions and provide supplemental information as needed
- Intellectual property registration can be very complex, especially when it comes to patents. By working with an experienced lawyer, you’ll rest easy knowing your protection will be enforceable
Key Features of Our Small Business Legal Plans
LegalShield’s business plans can help you in the following areas.
Legal consultation from a provider lawyer on business legal matters, with legal research for each issue, if needed.
Receive help with business legal matters more efficiently with professional communications issued on your behalf.
Put business-related legal documents through legal review.
A collection letter from a provider lawyer could help you recoup payments more efficiently.