Counterfeiting And Piracy

Innovation and creativity are very important not only to cooperation but also one nation‘s prosperity and growth. Intellectual property consist of many areas such as logos, cooperation’s name, services, idea and concept. Many might mistake that only cooperation and well-known artists own intellectual property. But actually almost anything that can be seen, written or unique can be called an intellectual property. Everyone need strong and sturdy protection for their creations as not only they can enjoy the benefits of their labours but their creations can also help in bringing the world to a new level. Intellectual property can also be translated directly as monetary gain. In the economy, what makes a business success depends on the innovation

Today, almost anything can be counterfeiting. Even high tech engines such as aircraft parts can be counterfeit. High end branded goods were a principal target. Goods counterfeited is changing constantly in line with the market trends. With the advancing technology, counterfeiters can make products that look totally like the originals. Sometimes, even better. Sometimes the consumer cannot differential the original and fakes. Some consumers choose to purchase the fakes as it is cheaper and not many can differential the different. Nowadays, counterfeiters make use of internet to sell their products. Many consumers fall into their trap and purchase the fakes thinking that they purchase an authentic with a cheaper

A basic patent can take about 18 months. Meanwhile, a complex one can take up to six years. According to experts, the attorney fees about US$7,000 to US$15,000. There are many ways how industry handles intellectual property. Different industry have different ways. For example, in retail, consumer device and manufacturing firms have products that change every year. However, products in biotech and telecommunications stay on markets for many years. So, it is the best to plan, understand and execute the IP strategy from the beginning.

1st step: Contact registration officials in your area. Request a registration from the agency. There are seven types of IP protection. Patent, trademarks, plant breeder’s rights, Registered designs, copyright, circuit layout rights and last the confidentiality/trade secrets. Before applying IP protection, check from the authority whether there are similar or identical products. Before paying the trademark or patent registration fees, make sure that your idea or product is a popular