If you created a song talking about a hotel you've made up in your mind, the last thing you'd expect is to find that someone has built it as a result. That's what happened to the Eagles, though, who discovered that a hotel in Mexico decided to name itself Hotel California. The hotel shares its name with the iconic song from 1976, one that most people still know to this day.
As you develop a new business, one thing you want to do is register your domain name trademark. Your domain name is a unique name specific to your business. No one else has the same name, making it easier for you to direct traffic from the internet to your website. The domain name is associated with your IP address. For instance, if you sell cookies, you might try to get "www.cookies.com" as your domain name.
If you're familiar with Harley-Davidson, then you probably recognize its logo and materials. The bold orange, black and white logo draws instant attention and is notorious in the biker community.
You just wanted to create a cool project for your school. You decided to make a screen-printed T-shirt. You took an image you love off Google, and then you printed it onto a shirt. Everyone loved it, but when you went to sell it online, you got a notice that you needed to stop. If you didn't, you could face legal action. What happened?
When you have products that you want to protect, you may want to consider getting a patent. Certain items, like electronic devices or some kinds of plants, could be patented if they meet the criteria set by the government.
Some ideas can give way to producing a product or service that amasses great revenue. However, if individuals are not careful to protect their intellectual property, other entities may try to profit off of them.