People often misuse the concept of ‘Intellectual Property (IP)’ and indicate that something is ‘their’ IP when it isn’t. Here is some clarity as to what this term means and when it can be used 💡
To whom does the IP belong?
The person that thought it up, or put the work into creating it that then secures it, holds the rights to it. They register it by either Patenting, Copyrighting or Trademarking it.
These inventors and creators that have registered it get to decide:
- Who makes it
- How & where it gets to be used
- Who can sell and profit from it
How can innovators keep their IP safe from misuse by others?
- There are 4 major paths to legal protection:
🔐 Applying for a Patent (inventions, new processes, new machines, new ways of manufacturing)
©️ Applying for Copyright (art, music, writings, movies, and software)
™️ Using a Trademark to cover unique names and identifiers (business names, logos, slogans, mascots, etc.)
🤐Secrecy Agreement (such as confidentiality agreements and non-circumvention agreements, etc.)
Just because someone has the ‘know-how’ about something, doesn’t mean that they hold the rights to it, a person only owns it when they have successfully registered it as an individual or company, and made that invention ‘proprietary’.
This is very good to know for all creators and inventors and to ensure your ideas, and the ideas of others are protected.
Gold Ore (Pty) Ltd. is a prime example of a company that has registered various patents fot the MACH REACTORTM world-wide.
What is Know how?
Practical knowledge or skill; expertise. This is not protected by law.
What is Proprietary?
Something that is used, produced, or marketed under exclusive legal right of the inventor or maker specifically – protected by secrecy, patent, or copyright against free competition.
MACH REACTORTM Patents
We are excited to show off our beautifully presented patent certificates for this incredible technology breaking metallurgical ground – the MACH REACTOR™!🔥
The MACH REACTOR™ enjoys worldwide patent protection. This not only protects the MACH REACTOR™ IP from infringement but also gives you, the client, complete peace of mind knowing that the MACH does not infringe on any other intellectual property.