Have a wonderful new idea you're confident will bring you fortune? Before putting their creation on the market, every innovator and artist should protect it by obtaining a patent, trademark, or copyright from the government.

All three offer legal protection from imitators trying to cash in on your concept, but it's crucial to understand the differences since each classification only applies to certain kinds of intellectual property.

The US Patent and Trademark Office issues patents to protect original inventions for a specific amount of time (USPTO). For the length of the patent, producers are given the freedom from competition, which encourages businesses or individuals to continue creating novel new goods or services.

Utility patents, plant patents, and design patents are the three different categories of patents.

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