For more information on when a designation may function as both a business name trade name and a trademark or service mark see tmep 120201 a patent is a limited duration property right relating to an invention granted by the united states patent and trademark office in exchange for public disclosure of the invention. A trademark can be a name word slogan design symbol or other unique device that identifies a product or organisation trademarks are registered at a national or territory level with an appointed government body and may take anywhere between 6 and 18 months to be processed. Businesses and individuals also may license intellectual property from the owner without owning it there are three distinct types of intellectual property patents trademarks and copyrights which are often confused with one another this article focuses on patent law and how it differs from trademarks and copyrights. Copyright patent and trademark are all different types of intellectual property ip although the three types of ip are very different people often confuse them
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