Invention and innovation
Invention is about making new items, or finding new ways of making new items.
Innovation involves bringing the new idea to the market that is, turning an invention into a product.
A business can use the law to protect the idea, for an example, an entrepreneur can:
• Register ownership for an invention or new process and could be given a patent. This can stop people from copying the idea for a certain amount of years.
• They can sue for damages if others copy there work
Copyright automatically arises for authors creating new books, films, music or games.
• Register a trademark, this is a symbol or phrase that a company can register with the government to make there company distinctive.
A patent, copyright or trade mark grants a legal ownership and is only given for the original work.