The Nike symbol and the recipe of KFC are popular brands owned by their owners. Nobody would attempt to steal and copy them following the intellectual property law. Similar to your product or service with its logo and business name, protected by intellectual property. The popular brands above remind you of a unique legal specialty that takes your business in many exciting and different directions.
An intellectual property lawyer at www.incompassip.com is protecting the ownership of intangible assets, such as:
- names
- symbols
- artwork
- images
- slogans
- music
- films
IP lawyers protect intellectual property from possible misuse or theft. Also, it protects the business owners of those rights from financial loss.
Intellectual property law
Intellectual property law covered a range of human creativity and effort. Consider a design for energy-efficient electric cars or a formula for a new drug that can manage leukemia. Safeguarding the assets is the essence of intellectual property law.
Developing IP takes years of work and also involves hefty financial investment. The result is often worth big bucks. A business or person who invested in that investment is important to retain its ownership of the property. Even a matter of designs or ideas, it is where IP lawyers can help.
IP broadly encompasses a non-professional asset owned by the individual or business for legal protection from unauthorized use through the following:
- patent
- trademark
- copyright
- trade-secret designation
IP law ensures that artists can receive fair compensation for their originality. It ensures a business reaps the full benefits of their inventions and works. Beyond the inventors and creators themselves, a powerful approach to intellectual property law is necessary for different reasons, such as:
- encourage innovation
- promote fair competition
- prevent consumer confusion,
- deter economic espionage
Any creation of the mind is considered intellectual property, especially because it is original.
The most obvious are:
- artistic works
- literature
- drama
- music
Among the other intangible assets that fall under an intellectual property law are:
- inventions
- secret formulas
- exclusive products
- business and brand names
- logos
- taglines
- branded color schemes
- website content
There are four areas covered by intellectual property, namely:
- patent
- trademark
- copyright
- trade secrets
Intellectual Property lawyers
An IP lawyer has a variety of vital roles related to intellectual property protection. These lawyers act as advocates who represent clients in court proceedings. Another speciality and advocate of these professionals is an advisor who counsels clients on their intellectual property matters. The work of IP lawyers is so much like the courtroom battles seen on television and in movies.
IP lawyers will be preparing documents needed to file for trademarks or patents. These professionals will stand as legal representatives of the client or a company in dealings with others who unfairly use their intellectual property. It is as simple as pointing out that an IP can’t be used without permission.
In addition, an IP lawyer composes a formal letter citing the ownership of an intellectual property. It can be as difficult as filing a lawsuit and if the settlement is unreached, it can be possible to resolve it in court. IP lawyers defend individuals and businesses against over-assertions of intellectual property by IP bullies or businesses that protect their rights too aggressively.
The IP lawyers will work on the following:
- interpret laws and regulations
- research to prepare a variety of documents
- communicate orally and in writing
The goal of IP is to protect intellectual property from theft and misuse to protect the owner’s rights from financial loss. However, the interesting legal field involved buying and selling or leasing intellectual rights to the other parties. The owners of the intellectual property can legally protect their creativity and even make a profit from it.