LAS VEGAS, NV, December 30, 2024 /24-7PressRelease/ — Intellectual Property (IP) attorney Eric Kohli, with over 25 years of experience in the field, has taken a significant step forward in educating entrepreneurs, businesses, and innovators about the importance of safeguarding their creative and technological assets. With his extensive background in IP law, Kohli has highlighted four key types of intellectual property rights—patents, copyrights, trademarks, and trade secrets—and their profound impact on business innovation, economic growth, and competitive advantage.
The Foundation of Intellectual Property Protection
Intellectual property represents the essence of human ingenuity. It includes innovations, creations, and inventions from the mind—spanning a wide range of artistic, literary, and technological works. Whether it’s an entrepreneur’s ground-breaking invention, a company’s distinctive branding, or an artist’s creative piece, IP rights are legally protectable to ensure rightful recognition and control over these creations. Kohli emphasizes that “IP protection isn’t merely a legal formality; it’s the backbone of fostering innovation and maintaining a competitive edge in the global marketplace.”
Understanding the Four common types of IP Protection
1. Patents
Patents protect inventions, granting inventors exclusive rights to their creations. Kohli explains that patents extend beyond just physical products—they can also encompass methods, processes, and compositions. These rights encourage innovation and allow inventors to monetize their creations through licensing or exclusive use.
o Utility Patents: These cover new and useful inventions or significant improvements to existing products, processes, or machinery.
o Design Patents: These patents protect aesthetic designs and help ensure that competitors cannot copy a product’s ornamental features.
o Plant Patents: Specifically tailored to agriculture and pharmaceuticals, plant patents safeguard asexually reproduced plant varieties.
Patents typically last 20 years from the date of filing, with design patents lasting 15 years. Kohli notes, “Patents are not just a shield—they’re a sword that inventors can wield to protect their ideas while paving the way for strategic collaborations and market dominance.”
2. Copyrights
Copyrights focus on protecting creative works of authorship, such as books, music, films, software, and more. Unlike patents, which cover functionality, copyrights safeguard the expression of ideas rather than the ideas themselves. Kohli underscores the importance of registering copyrights, stating “while copyright registration is not mandatory, it is critical when pursuing legal recourse against infringement.”
Copyrights typically last for the creator’s lifetime plus an additional 70 years, helping ensure prolonged financial and creative benefits for artists and their heirs.
3. Trademarks
Trademarks protect the identity of a business through logos, names, slogans, and other branding elements. By distinguishing goods or services from competitors, trademarks build consumer trust and enhance brand recognition. “A strong trademark is not just a business asset; it’s a promise of quality and reliability to consumers,” Kohli adds. Kohli stresses the longevity of trademarks, which can last indefinitely if maintained and renewed timely.
4. Trade Secrets
Trade secrets encompass formulas, recipes, secret client lists, business strategies, etc. that provide a competitive edge. Unlike other IP protections, trade secrets rely on confidentiality rather than registration. Kohli explains, “Trade secrets are hidden gems in the business world—valuable but vulnerable. Proper safeguards, such as strong secrecy measures, nondisclosure agreements, robust security measures, etc., are essential for their protection.”
Violations of trade secrets occur when confidential information is disclosed or misused without authorization, posing significant financial and competitive risks to the rightful owner.
The Growing Threat of IP Theft
According to an IP Commission Report, the theft of intellectual property costs the U.S. economy over $300 billion annually. Kohli elaborates, “IP theft is not just a loss for an individual or company; it’s a national issue that undermines economic growth and innovation. Unlike tangible assets, stolen IP often goes unreported, making it even more difficult to recover or quantify losses.”
To combat these threats, businesses must adopt comprehensive IP enforcement strategies, combining legal protections with internal education and proactive measures.
A Multifaceted Approach to IP Protection
Kohli advises businesses to adopt a layered approach to IP protection:
● Conducting IP Audits: Regular audits help identify, catalog, and evaluate existing IP assets, ensuring all valuable innovation is protected.
● Implementing Proper Protections: Businesses must evaluate whether patents, copyrights, trademarks, or trade secrets are the best fit for safeguarding their assets.
● Standardization and Licensing: Engaging with standards-setting organizations can increase market adoption of patented technologies and create additional revenue streams through licensing.
● Open-Source Innovation: In certain cases, open-sourcing a product can harness community contributions and broaden the innovation’s reach while maintaining proprietary elements.
Digital Rights Management (DRM) in the Digital Age
As digital transformation reshapes industries, Kohli highlights the role of Digital Rights Management (DRM) in protecting intellectual property. DRM technologies offer robust mechanisms to control access, usage, and distribution of digital assets, such as:
● Limiting unauthorized copying or modification of copyrighted content.
● Restricting the number of times an asset can be accessed.
● Providing strong encryption and identity management for secure collaboration.
● Enabling piracy tracking through dynamic watermarking.
Kohli notes, “In an era where information is a primary asset, DRM may no longer be optional—it becomes an essential tool for preserving the integrity and value of IP.”
Eric Kohli: A Legacy of Advocacy and Excellence
Eric Kohli’s journey from South Asia to becoming a leading IP attorney in the United States is a testament to his dedication and resilience. Moving to the U.S. alone at 17, Kohli funded his education, earning a B.S. in Electrical Engineering and a J.D. from The John Marshall Law School (Chicago). His unique combination of technical and legal expertise enables him to offer unparalleled insights into protecting technological innovations.
Kohli has represented Fortune 100 and Fortune 500 companies, providing strategic guidance in patent prosecution, trademark enforcement, and IP litigation. His global practice spans offensive and defensive litigation, licensing, and IP prosecution, making him a valued advisor to corporations and individual innovators.
As the current Board President of the South Asian Bar Association of Las Vegas and a 2022 honoree of the Legal Aid Center of Southern Nevada, Kohli’s commitment extends beyond the courtroom. His dedication to community service and legal advocacy underscores his passion for making a difference.
Beyond the Courts
Outside his professional life, Kohli is an avid scuba diver and culinary enthusiast. He enjoys traveling to top diving destinations worldwide, embracing the beauty of the underwater world while exploring culinary offerings by diverse cultures. These hobbies reflect his appreciation for creativity, discovery, and innovation—qualities that define his approach to IP law.
Conclusion: Empowering Innovators, Protecting Ideas
As businesses and individuals continue to innovate in an increasingly competitive global landscape, Kohli’s expertise in intellectual property rights serves as a valuable guiding light. By illuminating the intricacies of patents, copyrights, trademarks, and trade secrets, he empowers creators to safeguard their ideas, foster innovation, and achieve lasting success.
For media inquiries or more information about Eric Kohli and his work, please contact:
Contact:
The South Asian Bar Association of Las Vegas
800 N. Rainbow Blvd, Suite 208, Las Vegas, Nevada 89107
www.SabaLasVegas.com
[email protected]
LinkedIn.com/company/SabaLV
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