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How To Protect Your Trade Secrets! #shorts
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Matt Johnston is a lawyer and expert in intellectual property law for business. He joins Nana this week on Build Value By Choice to tell you the differences between the types of intellectual property, what they cover, and how you can apply for them. This is really needed information for every small business owner that could save you from disaster.
KEY TAKEAWAYS
Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
There are four main types of intellectual property, these are Patents, Trademarks, Copyrights, and Trade Secrets. You can look at this as Knowhow, Messaging, Innovation, and Reputation.
A patent is a right granted to an inventor by the federal government that permits the inventor to exclude others from making, selling or using the invention for a period of time. The patent system is designed to encourage inventions that are unique and useful to society.
A trademark can be any word, phrase, symbol, design, or a combination of these things that identifies your goods or services. It's how customers recognize you in the marketplace and distinguish you from your competitors. The word “trademark” can refer to both trademarks and service marks.
A copyright is around the expression of an idea. Many types of works are eligible for copyright protection, for example: Audiovisual works, such as TV shows, movies, and online videos. Sound recordings and musical compositions. Written works, such as lectures, articles, books, and musical compositions.
A trade secret could be something like a recipe. It provides an economic or competitive advantage to its owner because the information is not generally known to or available through proper means by another person who can obtain economic value from its disclosure or use. Is subject to reasonable efforts by its owner to maintain its secrecy.
Top 3 Secrets that empire builders keep to themselves about creating a life without financial worry, location restriction, and endless tasks that eat up time
Register in advance for this webinar:
KEY TAKEAWAYS
Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
There are four main types of intellectual property, these are Patents, Trademarks, Copyrights, and Trade Secrets. You can look at this as Knowhow, Messaging, Innovation, and Reputation.
A patent is a right granted to an inventor by the federal government that permits the inventor to exclude others from making, selling or using the invention for a period of time. The patent system is designed to encourage inventions that are unique and useful to society.
A trademark can be any word, phrase, symbol, design, or a combination of these things that identifies your goods or services. It's how customers recognize you in the marketplace and distinguish you from your competitors. The word “trademark” can refer to both trademarks and service marks.
A copyright is around the expression of an idea. Many types of works are eligible for copyright protection, for example: Audiovisual works, such as TV shows, movies, and online videos. Sound recordings and musical compositions. Written works, such as lectures, articles, books, and musical compositions.
A trade secret could be something like a recipe. It provides an economic or competitive advantage to its owner because the information is not generally known to or available through proper means by another person who can obtain economic value from its disclosure or use. Is subject to reasonable efforts by its owner to maintain its secrecy.
Top 3 Secrets that empire builders keep to themselves about creating a life without financial worry, location restriction, and endless tasks that eat up time
Register in advance for this webinar:
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