Intellectual Property Protection Toronto ON

Inventing something new takes an enormous amount of work - so it doesn't make sense to let someone else have the credit for it; protecting your intellectual property (IP), of which patents are just one kind, can give you a competitive edge, helping you to turn your ideas into valuable assets.

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Intellectual Property Protection

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(NC)-Would we remember Alexander Graham Bell today if he hadn't patented his newfangled invention?

Inventing something new takes an enormous amount of work - so it doesn't make sense to let someone else have the credit for it. Taking out a patent establishes your ownership of your invention, much as a deed establishes your ownership of your house.

Canadian businesses can compete with the best in the world - and in an increasingly global world, protecting your intellectual property (IP), of which patents are just one kind, can give you a competitive edge, helping you to turn your ideas into valuable assets. Protecting your IP means that you are recognized as the owner of your work. It prevents others from making, selling or using your work without your authorization.

But protecting your assets against competitors is only one of the benefits of IP protection. Using free online IP databases, such as patents or trade-marks, can help you verify ownership of ideas and seek out partnerships with like-minded businesses. It can help you conduct market studies, generate business opportunities and increase your profits.

"If you are an entrepreneur or a small business owner, it only makes sense to make IP part of your business plan," says CIPO Business Development and Partnerships Officer, Dumitru Olariu. "It gives you an important edge over your competition."

Patents are just one form of IP. They apply to products or processes that are new, workable and ingenious. Other forms of protection include:

trade-marks, for words, designs, or combinations of the two;

copyrights, for literary, dramatic, musical, or artistic works;

industrial designs, for the shape, configuration, pattern and/or ornament on a product (think a soft drink bottle!); and

integrated circuit topographies, for three-dimensional circuitry inside modern information, communications, entertainment, manufacturing, medical, and space technologies.

The process for legally protecting IP can be long - and rightly so. You want to make sure that everything is done well. Fortunately, there is help. The Canadian Intellectual Property Office, or CIPO, has a wealth of information to help you find your way to the right form of IP for you. You can seek their help by calling 1-866-997-1936 or by visiting www.cipo.ic.gc.ca.

Your IP belongs to you - make sure you protect it!

Credit: www.newscanada.com

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