Key Points
Difference Between Patents, Trademarks and Copyrights: According to the FY22 annual report of the Office of the Controller General of Patents, Designs, Trademarks and Geographical Indications India(CGPDTM), the overall filing of applications for various intellectual property rights (IPRs) increased to 5.68 lakh in FY22 from 5.28 lakh in FY21, exhibiting an increase of 7.5 per cent...
Copyright vs Patent vs Trademark: Intellectual property protection is important in order to foster innovation among businesses, secure business assets and products, and develop a competitive edge against competitors..
Among all forms of intellectual property protection, patents, copyrights and trademarks are key applications..
This included patent applications filed which jumped to 66,440 in FY22 from 58,503 in FY21 while copyright applications increased to 30,988 from 24,451 and trademark applications grew to 4.47 lakh from 4.31 lakh..
If another company were to use a similar mark that could create confusion among consumers, the trademark owner has the legal right to take action against the infringing party, seeking remedies such as injunctions, damages, or the cessation of infringing activities.The validity of a trademark registration is 10 years and businesses should apply for renewal six months before its expiry...
