Sunday, 25 November 2012

Blogging Sunday - moosa aamir :)

InventionSomething new created by man (or women). An invention is a new composition, device, or process. For example, Marshmallows were invented in ancient Egypt. It was a honey candy that was flavored and thickened with Marsh-Mallow plant sap. The inventor of the marshmallows instantly applied for a patent before proceeding with the manufacturing and development of his product.
InnovationInnovation means ahead of the times, novel, visionary and original. It means 'new'. Cars are a great example of innovation which had a positive effect on civilization as people are able to travel more faster and efficiently from place to place.
Patent a grant of property rights to an inventor for an invention. This right excludes others from making, using, selling or importing the invention without the inventor's consent. Patents are effective for 20 years.
Copyright Copyright is the right to control your own creative work, and the prohibition of others to use your work without your permission. It restricts others from copying your idea/invention.
TrademarkTrademarks can be names of products or services, logos, slogans, packaging and even sounds and smells. In essence, a trademark can be almost anything that is used to identify a particular product or service. Registering a trademark grants the owner exclusive rights to the mark within the specified industry. 

2 comments:

  1. Hi Moosa

    Again good research but where is your own application and analysis? You should be giving examples to cover some of these definitions and answering what the effect of these laws and regulations have upon businesses.

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  2. There's also a lot of difference between convincing a buyer lead and investor leads as these investors want more value for money as opposed to the home buyers that are not doing this some variety of profit however for personal use.
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