Sycurio Glossary.

Patents, Intellectual Property (IP)

The terms Patent & Intellectual Property (IP) can be defined as follows:

Patent: A patent is a legal right granted by a government to an inventor or company for a new and useful invention. It provides the patent holder with exclusive rights to control the invention's use, production, and commercial exploitation for a specified period. Patents protect innovations and provide a legal framework to prevent others from using, making, or selling the patented invention without permission.

Intellectual Property (IP): Intellectual Property refers to creations of the mind, such as inventions, artistic works, trademarks, designs, and trade secrets, that have value and are eligible for legal protection. IP rights grant exclusive ownership and control over these intangible assets, allowing creators and innovators to protect their work and prevent others from using or exploiting it without permission. IP includes various forms of protection, such as patents, copyrights, trademarks, and trade secrets, which safeguard different types of intellectual creations.

Sycurio (previously Semafone) has a range of unique patented technologies that deliver frictionless customer and agent experiences across all your voice and digital engagement channels. Our intellectual property enhances productivity, improves customer experiences and retention, and ultimately decrease your PCI DSS compliance costs.

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