Intellectual property litigation

• Posted by Manav Pietro January 30, 2020 - Filed in Business - #property litigation  - 223 views

  Intellectual property rights and law compromise of intellectual property litigation. Such laws are built to protect the intellectual property of anyone who feels that their intellectual property’s ownership has been compromised.

  What is intellectual property?

  Intellectual property refers to one’s intellect or mind’s creation. It includes inventions, literary and artistic work, names and images used in commerce. Intellectual property has been divided into two forms:

  • The industrial property included patents for inventions, trademarks, industrial designs, and graphics.
  • Copyright covers literary works which include novels, poems, and plays, films, music, artistic works and architectural design and works.

  

  What is intellectual property right?

  • Intellectual rights are like any other right which allows creators, owners of patents and trademark to benefit from their own work or creation and which reserves their right to their creation and allows them to use their creation however they want and let them get acknowledged for it.

  Promoting and protecting intellectual property is very crucial and there are several compelling reasons to do so such as the progress and well being of humanity depends upon the creation of new inventions and technology which need to be protected in order to get into the right hands.

  Protecting intellectual rights spurs economic growth, provides new employment opportunities and enhances the quality and enjoyment of life.

  How can one protect their intellectual property?

  • Owners, creators try to protect their creation by getting patents, trademark, industrial design, and a geographical indication. Misuse or stealing one’s intellectual property could be some serious offense and might lead to paying heavy fines and sometimes imprisonment.
  • Trade secrets are information that is meant to be kept secret by the company to have an advantage against their competitors. Misappropriation of trade secrets is an atypical litigation scenario when such information is taken without authority.

  Licensing disputes can arise which are related to any such matter. Hence, intellectual property lawyers are trained to help you file a case against who misused or stole your creation and help you get compensation for the damages.