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welcome back to the record label headquarters in this video well be talking about trademarks patents and copyrights first lets start with patents [Music] a patent is a right granted by the government if you were to think of a witty invention a patent would be appropriate to protect that invention a patent gives you the holder exclusive rights to exclude other people from selling using or making your invention product or process for twenty year period from the filing date a patent can cost thousands of dollars the process can take several months or years due to the approval process next lets get into trademarks these are some things that you can protect with the trademark you can protect words symbols names or devices that embody your company that embody your reputation or what you offer to your customers [Music] this can be things like logos characters designs slogans or particular ways of writing heres some examples of some logos and designs that you may be familiar with Facebook