A valuable idea is always the most valued possession of a person and if the idea has got the potential to bring some commercial benefits then it becomes necessary to preserve it. The concept of ownership is same for all the countries as every single person with a valuable idea or invention wants to own it so that no other person can claim it later.
All we need to do to claim an ownership is to adopt a legal way about it. The best way to secure protection for our ideas is to get a patent or secure a trademark for the product related to it. Patent trademarks cover the identifier who comes up with a new idea or invention. The person who secures the patent for a product gets the right to sell it for getting financial profits and you can read more about it from this step by step guide for inventors.
However the first step to get the patent is to get a patent application and do the patent registration. Many of us harbor this wrong notion that we can secure the patent simply by applying for it. But the first step in order to get a patent is to go for the patent registration. It is only after we register our ideas for patent, the whole process starts underway. The officials related do a thorough check up of the documents before they award the patent.
A patent trademark is a name, symbol, design or a symbol which differentiates one product from the other. They extend legal protection to a person who has created concept so that no other person or group can claim the ownership of that concept. A trademark adds to the market value of a product as they are synonymous to the brand value of the product.
The more popular a trademark is, the more people will tend to buy that good. Hence a trademark helps to increase the commercial viability of a particular good. However one must not get confused as patents and trademarks are two different legal tools with the same fundamental motive as described in the article on https://www.iedunote.com/just-starting-out-as-an-inventor-inventhelp-is-everything-you-need.
But whatever the difference may be, one must go for the patent registration of the product the moment we come up with any new idea or concept. After patent registration, we can use the term ‘patent pending’ to imply that the given product is registered for a patent. This allows us to start the production immediately without worrying.