By Malik Asad
IPR is the most valuable asset for a software house. Every organization owned, develop and use its own assets.
Intellectual property rights include the following elements
Confidential information is a combination of two words confidential and information.
Confidential means personal, secret, or intended to be kept secret, and Information is data that has some meaning for its receiver.
Its means all the non-public and business-related information that is either written or oral, disclosed or made available to the receiving party through any means of communication or observation.
Any category of information is use or disclosure by others is considered to be confidential and must be secure such as
Leakage of information
If confidential information cannot secure and protected, then the business can lead to the loss of business/clients.
We can say that confidential information can be misused to commit illegal activity (e.g., fraud or discrimination). These activities can in turn result in costly lawsuits for the employer.
Way to protect
There are the following ways to protect confidential information:
A patent protects all hardware that is used in the manufacturing process.
Government authority grant right or titles for a specific time period. It is essentially a sole right that excludes others for making, using or selling an invention.
So this right is given to the person who invents something. Through this right, the inventor has the right to use or exploit that invention.
Criteria for patent
Before the invention is given patent right, it must fulfill the number of criteria set out for patent
Copyright protects manual, computer programs, letters, and diagrams of the business process. An originator can print, publish, perform the material and also can authorize others to do the same.
Copyright can provide more protection as compared to any other intellectual property.
Copyright law gives six rights to its owner, which are the following
The act permitted copyright
To avoid the copyright breaches, some act was permitted, in 1988. These include the following points
Trademark categorizes and separates the source of goods of one party from those of others. It could be a symbol, word, design, or combination.
A trademark helps people in identifying the products, that the business makes, from products made by another business.
Types of trademarks
There are following three types of trademark
Descriptive marks are a type of trademark that is usually composed of a word or words, describe a product, or identify the characteristics of a product, and these are generally considered weak marks.
When a mark describes an ingredient, quality, characteristic, function, feature, purpose, or use of the specified goods or services of a product. It is known as merely a descriptive trademark.
GT is a trademark or brand name that, because of its popularity or significance, has become the generic term for a general class of product or service. It is generally in contrast to the intentions of the trademark’s owner.
Registered trademarks last for ten years. It has only 10-year renewal terms. Between the 5th and 6th years of having a registered mark, confirm with the government that the trademark is still in use. Otherwise, the registration will be canceled.
It can last forever if you continue to use your mark and keep up with renewals.
Powered By Impressive Business WordPress Theme