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Sanskar

Keen Learner and Exp... • 1y

Patents VS Trademark VS Copyright We all have used or heard these words somewhere in business world but do you know the difference between them? Patents > Patents are issued for any new innovation ex - Product, Machine or Tech. > This is a legal document which prohibits others from copying or commercializing the holder's idea. > It has a limit of 20 years after which it slipps into public domain for free use (that's why coca cola never patented its formula). Trademark > Trademark secures the identity of the business for ex - name, logo or tagline. > After buying the Trademark no one can copy other brand's identity. Copyright > Copyright protects artistic work for ex - song, books, painting etc. > If you have bought a copyright on your original creation then nobody can use it without your permission In short > Patent protects invention. > Trademark protects brand identity. And. > Copyright protects creative work.

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