Do you have a business idea that distinguishes your product from competitors and gives you an edge over others in the market? If that’s the case, you should know all about protecting your business idea. Your business idea is commercially valuable. Therefore, it needs protection. You can save it through patents, copyright, and trademarks legislation.
How can I protect my idea? As soon as you design a new product, it would be best if you considered giving this invention legal protection by registering a patent. Once you are done with this registration, you can enjoy protection for a specific period. During that time, others won’t have any right to exploit your invention unless they get proper consent from you. It means they won’t be able to make the same product or sell or import it in any way. If they do so, the law gives you the right to file a case against them.
When you have a graphical sign and representation that can make your business or product distinctive from others, you need to protect this sign idea via trademark registration.