How can businesses protect their biotechnological innovations?
Businesses in New Hampshire looking to protect their biotechnological innovations can utilize the intellectual property rights available under state and federal law. This includes patents, trademarks, copyrights, and trade secrets. In order to secure a patent, the biotechnology must be new and not obvious to someone with the same background. Additionally, the invention must be useful. A patent prevents others from using, making, or selling the same invention without permission from the patent holder. An invention can also receive trademark protection. This can allow businesses to register their names, symbols, and logos for exclusive use. This prevents confusion in the marketplace and protects the business from competitors using the same mark. Copyrights can apply to artistic works, such as software, movies, and artwork. A copyright prevents others from publishing the work without permission. Lastly, trade secrets can be used to protect confidential information, such as formulas, processes, and systems. The trade secret must stay within the company and remain confidential in order to maintain its protection. Businesses in New Hampshire can protect their biotechnological innovations by using the available intellectual property rights. This can prevent competitors from using the innovation and protect the business from losing its competitive edge in the marketplace.
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