A copyright doesn’t cover the following: Titles and Names Ideas Works by the government Works without facts Fashion designs
Once a business entity comes under the stage of incorporation, it needs to hold certain symbols or logos that would represent the business organization and speak on its behalf. These symbols are a depiction of human intellect, creativity, are considered as intangible assets, and are known as intellectual properties. They help a company recognized both at national and international level. Now, these creations have been categorized based on their needs and usage. The categorization of intellectual property can be made under two heads, broadly:
Industrial designs represent the visual design of manufactured or produced goods. They hold multiple features like shape, color, patterns etc. These designs include trade secrets, trademarks of an organization that needs to be protected and for that, they need to be registered.
Copyright is an intellectual property right that allows the creator to hold a right to its creation. Copyright includes literary works, music, artistic works, computer software, and architecture.
The right possessed by an organization on its intellectual properties are known as intellectual property rights. These rights give the power to a business entity to make any kind of alteration in the intellectual property.
When a piece of art or any goods are protected under intellectual property right, they hold certain symbols. Different intellectual properties use different symbols that assures their safety and also signifies that they can’t be copied. Let’s have a look at the intellectual property symbols widely used along with their meaning.
|Sound Mark: Phonogram||℗|
A trademark registration in the Czech Republic can be carried out by following a few steps:
The examination procedure of trademark in the Czech Republic initiates from the point of submission of a trademark application. Along with the application certain other documents need to be submitted that will undergo the process of examination. Other documents include:
Upon submission of these documents, the trademark fee needs to be paid. They will be cross-checked and verified by getting in contact with the National Trademark Register, International Trademark Register. Once the procedures are cleared, the mark will be published in Czech Industrial Property Bulletin.
The fee structure for intellectual properties in the Czech Republic is as follows:
|Description||Word Mark or Logo||Combined Mark|
|Each Additional Class||$80||$160|
|Delivery Time||3 business days||3 business days|
|1 to 3 Classes||$820|
|Each Additional Class||$135|
|Process Duration||9 months|
|Description||Fee (Czech Koruna)|
|Fee for registration of an assignment||600|
|Basic examination fee||3,000|
|Fee for the first extension of the time limit||200|
|Fee for requesting excuse of the failure to comply with a time limit||1,000|
|Fee for issue of letters patent not exceeding 10 pages||1,600|
|Fee for issue of letters patent for additional page||100|
|Description||Fee (Czech Koruna)|
|First renewal fee||6,000|
|Second renewal fee||6,000|
Since we have seen that intellectual property is a big umbrella that consists of different categories, to manage them at one go at a national level is a complex task. To ease out this process, there have been six collective administrators who act on the basis of authorization granted by Minister of Culture. The administrators are:
An organization that deals with different departments for copyright. It represents the author of literary, dramatic, choreographic works, entertainment hub, etc.
An organization that represents authors of musical work like musical composers and lyricists.
Represents performing artists and performers of audio and audio-visual recording.
Represents authors of artworks that include painting, graphic works, photography, architects, stage designers, etc.
Deals with authors of artworks in enforcement for resale of their original work.
An organization that represents sound engineers-authors.
Till now, we have seen what intellectual property means and how it is utilized by a business entity for its daily business activities. Now, let’s move on to look at the benefits that can be derived by an organization by availing the intellectual property rights. Some of the benefits include:
Since the intangible assets represent an organization and hold its brand value, it helps in the company expansion process and captures a huge market by creating brand awareness.
Intellectual properties or intangible assets are the representatives of an organization. It helps in building a link between the mass audience and the company. These assets shoot-up the market value at an increasing rate and make sure to place the product in the minds of the consumers.
When a company is well-known at a national or international market, it possesses the power to attract foreign investors. Now, this is a two-way benefit, for the company as well as for the investors. Intangible assets help in building trust that is an important factor when it comes to expansion or enhancing goodwill.
Intellectual properties help a business entity to raise fund from the market whenever required backed by trust building and brand value.
Business Setup Worldwide is a platform that provides a range of company establishment services. We understand the legalities involved in a business establishment process, and help our clients with intellectual property protection in the Czech Republic. Few of the services that we provide are:
Business Setup Worldwide, since its inception, has been dealing with multiple countries from various corner of the world and has been helping in the process of company formation. The main aim is to sort and simplify the complex process of company formation. Our business experts not only help in gaining the intellectual property rights but also helps in solving any legal proceedings.