Intellectual Property Law, Intellectual Property Patent, Business Patent Ideas

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Do you know what your Business Intellectual Property is? Intellectual Property Patent? Business Intellectual Property or Intellectual Property (IP) represents the product of your mind or intellect. It can be an invention, Business Copyright, Business Patent, Business Trade Mark, original design or the practical application of a good idea.

These Intellectual Property Rights are very valuable assets that can distinguish your business from your competition, making your products and services unique and attractive to your customers. Other intangible assets such as business names, domain names, employees' specialist knowledge and customer lists may also be discussed. These and other intangible assets are often the building blocks of new business and form key parts of your ultimate business plan.

Searching for Intellectual Property Law, you are obviously using a Business Accounting Software of some kind for your business. But is it performing well for you? If you are not satisfied with your Business Accounting Software performance and functionality, check out our website, our ShopMate Business Accounting Software just may do the job for your business.
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Here is some information on your Business Intellectual Property or Intellectual Property of your intended business. We will try to put you on the right path to understanding your Business Intellectual Property. So read these guidelines carefully and see if you can get your mind right way to better your business idea.

This Business Intellectual Property checklist covers some issues. Consider the issues on this page whether you're in the beginning stage of starting a business or you already own a business. Once you have determined that you are ready and able to take on identified viable business opportunities or you already run a business, there are few practical things you need to know right at the start about the Intellectual Property Law of your business.

When prospective customers had a business or had it on their mind, traditionally, Softhard Solutions was able to provide them with accounting software (often also hardware) to run their business the way they do the business.

There were, at many times, Softhard Solutions' customers who did not quite have a clear picture of the Intellectual Property of their business. This page and following pages are dedicated to people wanting to know the Business Intellectual Property of their business. Its all tips and 'need to know' about a Intellectual Property Law and what to do before a beginning.


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What is Intellectual Property of your Business

Publishers and lawyers like to describe copyright as “Intellectual Property” — a term that also includes patents, trade marks, and other more obscure areas of Intellectual Property Law. These Intellectual Property Laws have so little in common, and differ so much, that it is ill-advised to generalize about them. It is best to talk specifically about “Business Copyright”, or about “Business Patent”, or about “Business Trade Mark”.

Intellectual Property (IP) represents the product of your mind or intellect. It can be an invention, trade mark, original design or the practical application of a good idea. These rights are very valuable assets that can distinguish your business from your competition, making your products and services unique and attractive to your customers. IP rights are different and separate to property rights that exist in the physical product itself. For example, a person may own a book but may not own the copyright (e.g. the rights to reproduce, adapt or publish) in the text, drawings or tables contained in the book.

Other intangible assets such as business names, domain names, employees' specialist knowledge and customer lists may also be discussed. These and other intangible assets are often the building blocks of new business and form key parts of your ultimate business plan. If the plan is a good one, these assets could become more valuable. So from the start, be aware of the importance of your Intellectual Property assets and ensure they are well protected and managed.


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Business Copyright

Business Copyright protects the original expression of ideas, not the ideas themselves. Includes protection for original works of art, literature, music, films, broadcasts and computer programs from unauthorized copying.

Business Copyright is a type of property that is founded on a person's creative skill and labour. It is designed to prevent the unauthorized use by others of a work, that is, the original form in which an idea or information has been expressed by the creator.
Read more on Business Copyright...



Business Trade Mark

Business Trade Mark are 'signs' used commercially to distinguish the goods and services of one trader from those of another. These 'signs' can be a word, phrase, picture, logo, letter, numeral, shape, colour, sound, scent or aspect of packaging. Registration of the trade mark gives the owner the legal right to use or control the use of the mark for the goods or services for which it is registered.

The difference between Business Trade Mark, business, company and domain names sometimes causes confusion. Registration of a business, company or domain name does not in itself give you any proprietary rights - only a Business Trade Mark can give you that kind of protection.
Read more on Business Trade Mark...



Business Patent

Business Patent is a right granted for any device, substance, method or process which is new, inventive and useful. A Business Patent is legally enforceable and gives the owner the exclusive right to commercially exploit the invention for the life of the Business Patent.

You have to apply for a patent in order to protect your invention, as it isn't automatically protected. All applications for patents are examined to ensure they meet the necessary legal requirements for granting a patent.
Read more on Business Patent...


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Business Design

Business Designs protect the shape, configuration, pattern or ornamentation of products. To be registrable, a design must be new and distinctive. Registration of a design gives the owner protection for the visual appearance of the product but not the feel of the product, what it is made from or how it works.



Plant Breeder's Rights

Plant Breeder's Rights protect new varieties of plants. The owner has exclusive commercial rights to market the registered variety.

Plant Breeder's Rights (PBR) are exclusive commercial rights to a registered variety of plant. Varieties protected by PBR may only be produced for sale, sold, imported, exported or conditioned with the authority of the owner.

If you are the original breeder of a new variety of plant, or have acquired ownership rights from the original breeder, then you can apply for Plant Breeder's Rights.

Please note that only new or recently exploited varieties can be registered. Apply for the rights using application forms available from the PBR Office.


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Confidential Information

Means information of a truly confidential nature which has been kept secret. It includes trade secrets and other information such as manufacturing specifications, business and marketing plans, client lists and product information not disclosed to the public or third parties. Can be protected by confidentiality agreements with third parties.

Common law protects you from people stealing your trade secrets, breaching confidentiality agreements and passing off trade marks. Make sure you back up your trade secret with a signed confidentiality agreement with every person who has knowledge of the secret.

A confidentiality agreement can stop your employees from revealing your secret or proprietary knowledge during and after their employment or association with your business.



Know-How

Refers to the application of tried and tested techniques or processes to new situations.



Business Tips

Some tips on how to avoid business failure:

  • Don't underestimate the capital you need to start up the business.

  • Understand and keep control of your finances - income earned is not the same as cash in hand.

  • More volume does not automatically mean more profit - you need to get your pricing right.

  • Make sure you have good software for your business , software that provides you with a good reporting picture of all aspects of your business operations.


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