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How to Protect a Business Idea?

How To Protect The Business In India?

Want to protect your business from external threats? Let’s get protected. In this competitive world, it is necessary to protect your business by registering it with some professionals. But the question is, how can it actually be done? 

Idea theft is a very important concern these days. As the competitor takes advantage of it by registering it and becoming at the forefront of the market.

To avoid these types of things, get proper knowledge on how we can protect businesses in India. 

In this blog, we can discuss how to protect your business in India by registering trademarks, company registrations, and patents in India and their implementation.

There are many ways to protect business in India. Let’s discuss them one by one according to the business requirements.

Protect The Intellectual Property Rights (IPR)

Now understand what an intellectual property right is.

Intellectual property rights (IPR) mean protecting intangible assets from illicit use by others. It can be any creation, design, discovery, invention, word, or logo as produced by a person, a group of people, or any entity.

Trademarks, copyrights, and patents are different types of protection that you can get by registering them with professionals.

  • Trademarks ™  

Trademarks are governed by the Trademarks Act, 1999, in India. This Act gives the owner the right to register their exclusive rights so that they cannot be infringed upon or used by others.

Here are the steps by which you can protect your trademark 

  1. Search your design, logo, and marks to ensure that they are not similar to existing registered trademarks before getting them registered.

By registering the trademarks, it is easier for customers to connect with your business. It builds brand value. Trademark registration online gives legal protection to the owner.

Trademarks play a vital role in establishing a business’s unique identity and creating brand recognition. Why wait? Someone will steal your brand and get it recognized. Let’s get registered with the professionals at JustStart; their team is highly educated and leaves no stone unturned to get your brand value registered.

  • COPYRIGHTS 

The copyright law in India at present is governed by the Copyright Act, 1957, as amended in 2012, along with the Copyright Rules, 2013. 

Copyrights protect expressions, not ideas. Copyright is a form of protection provided to the authors and creators of original works. This protection is available for both published and unpublished works.

Copyright is the right of the copyright owner to ensure that their creative work is not copied by someone else. 

For copyright registration, you need to file the application with copies of the work. Then it will be examined by the copyright officer, and if any objections come up, the reply has to be filed within 30 days from the date of the objections. If satisfied with the objection reply, the copyright officer grants a certificate of registration.

  • PATENTS

The Patent Act of 1970 governs the Patent Act. A patent means any new inventions A patent is a written document that describes what your invention is, and it must be approved by theoffice of the controller general of Patents,designs and Trademark. The term of a patent is 20 years from the date you file your patent application. Protect your inventions by getting them registered.

  • Register  your company, domain names 

The next way to protect your business is by registering your company with the Ministry of Corporate Affairs or by registering your business as a sole proprietorship

By registering your business as a private limited company, LLP registration online, or a one-person company in India, you establish your legal entity and get all the necessary licenses to operate.

Though registering a business in India is an online procedure, get help from professionals and get it registered so no one can steal your company name and domain.

Once you get your business registered, get a domain name, and protect it in India.

  • For employees and partners, create non-disclosure confidentiality or any licensing contracts 

To protect your business, for employees and partners, create non-disclosure contracts so that company information is not leaked outside. For example, if you are developing a video game application and don’t want the details to come out before it launches, you can just create a confidentiality agreement with the developer.

For employees or partners, also create some legal licensing to avoid leaking details outside.

  • Security measures

Today, all business can be conducted online. So there is a need for robust security measures within the IT of your company so that password protection is granted, wifi access is protected, and VPN access is used, which means private network access.

Conclusion For Protect Business

Business protection is a must while considering all the above solutions which will help you to minimize your risks while expanding your dream business. Protect your intellectual property rights and business by registering it today with the help of JustStart with less cost of money and experienced relationship managers. 

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