Business, 15.11.2019 22:31 DanyD8951

Explain how businesses can use copyright ,patent and trademarks in dealing with piracy

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The businesses can use copyright, patent, and trademark in dealing with privacy by registering them under their specific law.

Further Explanation:

Patents, Copyrights & Trademarks:

Patents, Copyrights & Trademarks are the intangible assets of a company. These assets are considered intellectual properties that help in business activities. The patent is an exclusive right to use a specific idea for a limited period. Trademark helps in using a specific name or logo lawfully. The name and logo differentiate a product from other products in the market. Copyright protects the author for the work created by them. Generally, it includes the literary, musical, theatrical work.

Use of Patents, Copyrights & Trademarks:

The Patents, Copyrights & Trademarks can be used to protect the exclusive benefits enjoyed by a specific company. The user of these intellectual properties can register these rights under their specific laws. The registration of the intellectual properties will allow the user to exclusively use intellectual features. Other businesses and competitors will not be able to use these intellectual properties until the expiration of the registered period. The registration of these intellectual properties can be done by submitting an application with USPTO and paying the registration fee.

Thus, the businesses can use copyright, patent, and trademark in dealing with privacy by registering them under their specific law.

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Answer Details:

Grade: Middle school

Chapter: Intangible assets

Subject: Business studies

Keywords: patents, copyrights & trademarks, business, registration, logo, intellectual properties, intangible assets.

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