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Posts Tagged ‘Property Law’

Intellectual Property Law

Thursday, April 7th, 2011

Intellectual Property Law can be quite confusing at times. Copyrights, trademarks and patents all have a role in protecting your hard earned content and knowing their role is half the battle. Intellectual property in itself refers to the creations of the mind, including such things as: artistic works, literary works, inventions, names, images, symbols, and designs used in commerce. In other words, the intellect that is the possession of an organization or an individual is considered intellectual property. Intellectual property is divided into two categories, copyrights and industrial property. Copyrights give the authors of an exclusive work, exclusive rights to that work for a limited amount of time. Copyrights cover such literary and artistic works as novels, poems, plays, films, songs and other musical works, artistic works (drawings, paintings, sculptures and photographs) and architectural designs. Copyrights, which must be renewed periodically, allow the creators of a piece of work, the opportunity to benefit from that piece of work.

Industrial property includes patents, trademarks, industrial designs and geographic indications of source. Patents give the inventors of a new product, a certain (limited) amount of time in which he/she may prevent others from making, selling or using the invention without authorization. A trademark is an intellectual property protection which is used to protect the distinctive features that distinguish one product from another. Those features can include such things as: symbols, colors, brands, names, sounds, smells, shapes, and signs. Fortunately, Intellectual property laws benefit the creator of a property, by rewarding that creator for his/her innovation and creativity. Also, society as a whole benefits from intellectual property laws, by the fact, that these laws encourage creativity, therefore allowing the rest of us to benefit from the wide range of products and services that are produced.

Points to Remember in a Land Sale

Tuesday, December 28th, 2010

Buying or selling a land plot requires a lot of discretion. It is where you want to build a secure house or want to start a successful business. Not only is a lot of money involved but also there are other factors to be considered while making the deal. An individual or an organization may buy or sell the land for a number of reasons. It is up to both the parties to see to see the transaction is smooth and both parties gain from it. Therefore, some factors have to be kept in mind before you decide to buy or sell a plot. Legal Documents are sure that the deal is perfectly legal or a lot of problems may occur after the transaction takes place. Having to get involved in legal battles in one of the most time consuming and expensive of procedures and surely you would not want to do that instead of concentrating on your business or enjoying the profits.

Suit the Purpose is to be kept in mind especially if you are buying the land. You have to see whether the land is suitable for your needs, whether residential or commercial. Buying a land in haste will only make you regret and if the land does not have much value anyways, chances are you would have to resell it at a loss. Proper Price makes a market survey to find out about the land prices in those areas. This is true for both buying and selling. If you are buying, then be sure that you do not end up paying a higher price. If you are selling then be sure that you are not incurring a loss by selling at a lower rate.

Amenities make sure that the area is more or less developed and you can avail the necessities that you would require for buying the land. On the other hand, if you are selling, do not be hasty just because you think the area is underdeveloped and would not suit your requirements. Ask around and see what other projects would be coming up in the vicinity so you would know whether there is any chance of developed in the area in the recent years or not. In whichever way, the land you buy or sell brings in some profit. So do make a general estimate whether you would get that from the deal. Even if it is for residential purpose, make sure you will be able to lead a serene life in the area.