Invention And Innovation
Invention is about making new items, or finding new ways of making items. Innovation involves bringing this new idea to the market, that is, turning an invention into a product.
A business can use the law to protect its business idea. For example, an entrepreneur can:
- Register ownership of an invention or new process and be given a patent. This can stop rivals from copying the idea for a set number of years.
- Sue for damages if others copy their work - copyright automatically arises for authors creating books, films, music or games.
- Register a trademark. A trademark is a symbol or phrase that a company can register with the government to make their company distinctive.