IT’S easy to overlook the importance of intellectual property to your business, especially if you’re all new to it. Honestly, that’s one of the most common yet critical rookie mistakes that budding entrepreneurs make, and we can’t blame them for that.
It’s worth mentioning, however, that copyright and trademark are not interchangeable since they do not cover the same things. Thus, entrepreneurs must learn how to tell the difference between the two. In a nutshell, the protection of a trademark begins upon the issuance of the registration certificate by the IPOPHL. When the 10-year period of protection expires, owners may renew the same for another 10 years at a time.
Essentially, copyright protection extends to the expression of particular ideas rather than the ideas themselves, as emphasized in the case of Filipino Society of Composers, Authors, and Publishers, Inc. v. Anrey, Incorporated. While trademarks have a 10-year protection term, copyrighted works are protected by law during the lifetime of the author and for 50 years after his or her demise. Generally, creators have the ultimate right to use or authorize others to utilize their works, subject to their own terms and conditions.
Source: News Formal (newsformal.com)
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ARTA chief tells investors: File complaint on red tapeThe Anti-Red Tape Authority (ARTA) is calling on investors to pinpoint particular local government units (LGU) or government agencies that are giving them a hard time to do business in the country. Secretary Ernesto V. Perez bared ARTA’s tack said as he revealed that Texas Instruments Inc., which he described…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Women are less happy than men – a psychologist on why and 4 things you can do about itAlthough women took a bigger hit to their well-being they were quicker to recover
Source: rapplerdotcom - 🏆 4. / 86 Read more »
US trade chief: Talking to China is no 'sign of weakness'WASHINGTON, United States -- Holding talks with Beijing officials is not a sign of weakness by Washington, the US commerce secretary said Sunday, adding that not talking can lead to greater tensions and misunderstanding.
Source: manilabulletin - 🏆 25. / 51 Read more »
‘Mabuhigh’ from Bangkok: Pinoys join Thailand’s legal cannabis tradeGrass is “greener” in Thailand—literally to mean marijuana, or its chic-sounding scientific name, cannabis. It is now a popular, lucrative product in the old Buddhist kingdom once known as Siam, following its decriminalization on June 9, 2022. Its medical use by patients with a prescription has been legal since 2018. (Doctors from different…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Online illegal wildlife trade threatens endemic hornbillsThe global illegal wildlife trade has been threatening the already endangered wildlife that may lead to their extinction. Palawan hornbill Closer to home, law enforcers are having a hard time catching the bad guys, who are openly offering online the illegally caught wildlife. With the use of the Internet, smartphones…
Source: BusinessMirror - 🏆 19. / 59 Read more »
Peso at risk in Q3 on trade gap, rate jittersWHILE the country’s economic growth targets remain attainable, the Philippine peso is expected to take a beating in the third quarter as trade deficits swell, uncertainty looms on interest rates, and the US dollar strengthens, according to a local think tank. In its latest Market Call report, First Metro Investment…
Source: BusinessMirror - 🏆 19. / 59 Read more »