PRODUCT PROTECTION, PATENT,TRADE MARKS AND COPYRIGHTS

PRODUCT PROTECTION, PATENT,TRADE MARKS AND COPYRIGHTS

Patent:

Patent is a grant by the goverment to an inventor so that it can not copy the other without permission of inventor. It give the security to inventor to its invention. Patent is issued by PTO and company use as asset because company/individual can sell to other and get the price to sell it name for use to other.

TYPES OF PATENT

1. Utility Patents
2. Design Patents
3. Plant Patents

Utility Patent:

Utility patent is used mostly and its granted years are mosty 17 years. There are other types of utility patent.

• Process
• Machine
• Manufacturing
• Composition of matter

Process:
The new methods of production and new technological procedure that can be patent.
Machine:
In which the physical items can be patent that are new and unique.
Manufacturing:
In which mostly patent new process of manufacturing the products.
Composition of Matter:
In which mostly medical products revelanct patent to be made for example medicines elements.

Design Patent:

In which any design to be patent like house models, car design. patent year mostly three and half years.

Plant Patent:

In which plant to be patent manufacturing plants.




MBA NOTES ENTREPRENEURSHIP