What kind of intellectual property do I need to protect my business?

Intellectual property (IP) refers to creations of the mind, such as inventions, designs, concepts, and artistic works. In South Carolina, business owners must be aware of the different types of IP that could help them protect their businesses. The most common forms of IP are copyrights, trademarks, and patents. A copyright is a type of legal protection for original works of authorship, such as books, movies, songs, art, and computer software. It gives the creator exclusive rights to reproduce, distribute, display, and perform the work, as well as create derivative works. Trademarks are used to protect words, symbols, or designs that identify the source of goods or services. For example, a company logo or slogan can be trademarked. Trademarks can also be used to protect a company’s brand or reputation. Patents are granted by the United States Patent and Trademark Office (USPTO) to protect inventors’ creations. A patent gives the inventor exclusive rights to make, use, and sell the invention. Patents can last up to 20 years. Business owners in South Carolina should register their intellectual property with the USPTO to ensure their rights are protected. Additionally, company owners should consider incorporating to protect their assets and prevent personal liability. Incorporation also helps to protect a business’s IP in the form of copyrights, trademarks, and patents.

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What kind of intellectual property do I need to protect my business?

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