Intellectual Rights

What are the intellectual rights of an engineering company

Definition and Purpose:

The legal rights of a business owner or organisation to establish their unique own ideas, plans, products and services in the market inside a competition without having troubles and dilemmas of the business. This includes copyrights, patents, trademarks and design registrations. The purpose of this is to fortify your ideas and prevent a competitor from copying your idea. Those who copies a copyrighted product or assets will be penalised according to the copyright law.


According to the Current Copyright Law in the UK:

Copyright, Designs and Patents Act 1988. The law gives the creators of literary, dramatic, musical, artistic works, sound recordings, broadcasts, films and typographical arrangement of published editions, rights to control the ways in which their material may be used.

Intellectual Property Laws that Engineering Organisation Must Consider When Running in a Competitive Environment

Copyright

Copyright protects your tangible ideas from getting stolen by others to form a remake product which is similar to the original. For example, according to Highways England, their images and live feeds from the traffic cameras are Crown Copyright Protected, which means if someone claims it is their own image and uses it on their advantage, they will be prosecuted.

Trademark

Registration of trademark will prevent other people to use your brand name, i.e. using your successful company name to use it on their product in able for them to obtain more sales as you do.


For Example, the fisher karpark industries have their own trademark to prevent other business companies from stealing their name and use it on their advantage.

Design Registration

Design Registration is similar to patent, it protects your designs, plans, decorations etc... from other people copying your unique designs.


For example, Highways Agency registers design patents before they distribute their plans to other authorities. This will prevent people such as private companies that would copy your plans

Patent

This will protect your ideas and inventions you have made in progress and therefore preventing others to copying your idea. Additionally, it will grant you the rights to take legal action to anyone using, making or selling your product without your consent. You would have the right to penalise them.


For Example, the inventor of the cat's eye in 1933, he patented his invention once it became viral, so that no other people could copy his invention. Then 2 years later, he made a company Catseye and trademarked it.