NEW PRODUCTS can often be protected by a variety of intellectual property rights, and ensuring that your innovation is adequately protected will help guarantee a return on investment. Depending on the nature of the product, it can be protected by patents, design rights, copyright and trademarks. In addition to these specific rights, well-drafted employment and confidentiality agreements will further ensure their correct ownership and protection. Patent protection is available for inventions that are new, involve an inventive step and are capable of industrial application. A granted patent gives monopoly protection to the patent owner over the invention for 20 years, provided it is renewed annually after the fifth year.
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