Benefits of industrial property
It protects technical ideas, trade marks and designs from imitators.
The owner holds - for example - for a
patent up to 20 years and for a utility patent
up to 10 years
exclusively the right - which is a monopoly - to produce, to use and
market the subject of protection. He has the right of interdiction,
thus he can prohibit third parties the manufacturing, the commercial
use and the sales or the
pure offering of the protected product.
He can require, that an infringement of his
industrial property right - which is known
to him - has to be stopped
immediately, whereupon the violator has to pay the disprofits of the
owner, which incurred so far.
The owner of an industrial property right can
request from a violator information
about the origin of the infringing
goods. Possibly still existing goods must be destroyed on instructions
received from the owner.
If you don't want to use your industrial
property for manufacturing and selling the protected product, you can
grant licenses - either a single exclusive license or several
Industrial properties are an important argument for marketing and sales and
enhance the prestige of an entity remarkably.