Trademarks and Patents - Protecting Assets?

1 Answer

Answer :

Every business, whether it is a start up with a couple ofemployees or a multi-national corporation, should do everythingthey can to protect their intellectual property. This may meanprotecting products or processes as a trade secret. It may alsomean obtaining patents and trademarks to protect their inventions,brand name, and logos.Most people who are unacquainted with intellectual property lawdo not understand the difference between a patent and a trademark.The two are actually distinct from each other, as each protects adifferent form of intellectual property.A patent protects an invention. This invention could be animprovement to a Plumbing system or a brand new kind of engine oreven a new toy for children. Whatever the invention is, patentingthat product or process gives the patent hold

Related questions

Description : Which of the following assets are dealt with by AS - 10 (Accounting Standard on Fixed Assets)? A. Land, building, plant and machinery, vehicles, furniture and fittings B. Goodwill and patents C. Trademarks and designs D. All of the above

Last Answer : D. All of the above

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Last Answer : Answer: C 

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Last Answer : Answer: Intangible assets

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Last Answer : (B) Trademarks

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Last Answer : Intangible assets

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Last Answer : c. land improvements.

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Last Answer : D. Machinery

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Last Answer : A. Fixed assets must always be shown at market value

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Last Answer : D

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Last Answer : c. Trademark

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