Intellectual Property
refers to creations of the mind, such as inventions, literary and artistic
works, designs, symbols, names, and images used in commerce. IP laws protect
these creations and give the creator exclusive rights over the use of their
work.
The main types of IP are:
Patents: Protection for inventions and innovations.
Trademarks: Protection for brand names, logos, and slogans.
Copyrights: Protection for original works of authorship such as books, music, and films.
Trade Secrets: Protection for confidential business information, processes, and formulas.
Design Rights: Protection for the visual design of products.
The duration varies by type:
Patents: Typically, 20 years from the filing date.
Trademarks: Can last indefinitely if renewed periodically (every 10 years in most jurisdictions).
Copyrights: Generally, 70 years after the author's death.
Trade Secrets: Protection lasts as long as the secret remains confidential.
You can protect your IP by registering it with the relevant government agency (e.g., Patent and Trademark Office), using legal agreements like non-disclosure agreements (NDAs), and enforcing your rights through litigation or settlements.
Yes, you can trademark a name or logo, provided it is unique, distinctive, and used in commerce. It cannot be generic, descriptive, or already in use by someone else.
Corporate Law governs the formation, operation, and dissolution of corporations, partnerships, and other business entities. It includes aspects such as mergers and acquisitions, corporate governance, securities regulation, and compliance with business laws.
A merger is when two companies combine
to form a new entity, while an acquisition is when one company buys another.
M&As involve complex negotiations, due diligence, and legal processes to
transfer assets, liabilities, and control.
The articles of incorporation are a legal
document that officially establishes a corporation and outlines its basic
structure, including its name, purpose, and number of shares.
A merger is when two companies combine
to form a new entity, while an acquisition is when one company buys another.
M&As involve complex negotiations, due diligence, and legal processes to
transfer assets, liabilities, and control.
Corporate
governance refers to the system of rules, practices, and processes by which a
company is directed and controlled. It involves ensuring accountability,
fairness, and transparency in a company's relationships with stakeholders.