Copyright vs Trademark vs Patent-What is the difference?

 Do you know the difference between a copyright, a Trademark, or a Patent? Why should your small business care about getting protection for your intellectual property? Many very successful medium to large businesses started out small. Their patents, trademarks, and copyrights are keeping others from infringing on their markets. The search and registration for these legal protections might also let you know whether or not you are infringing on others’ rights before you invest time and money in a name, product, or process. Here is the difference.

* Copyright. A copyright is protection for literary, dramatic, artistic, musical, and other published or unpublished intellectual works. The current copyright law in the United States, generally gives the owner of a copyright the exclusive right to the use of the copyrighted work for his life plus seventy years.

* Trademark. A trademark (TM) is also known as a service mark (SM) when it refers to a service instead of a product. A “mark” can be a word, phrase, or symbol that is used to distinguish the source of your goods or services from that of others.

* Patent. A patent for your invention is issued by the U.S. Patent and Trademark Office. A patent gives you the right to exclude others from making, using, selling, or importing your invention for a period of twenty years. If you are looking to obtain a patent, you are well advised to engage the services of an attorney.

Obtaining a patent, copyright, or trademark does not grant you the use of an Internet URL. You would be wise to secure your URL early on in the planning process.

Save yourself time and money and engage expert legal assistance to protect your intellectual property rights. For all of your financial needs contact our office at (260) 497-9761 to schedule an appointment. Utilizing modern technology our Virtual CFO is able to assist your virtually anywhere in the USA.