World Patent & Trademark Service (WPTS) is an organization whose task is to manage the world database falling within the area of intellectual property, in particular patents and trade marks.
The organization was established to provide interested parties with comprehensive information, and thereby reduce the time required to register the intellectual property.
A patent is legal protection of inventions by guaranteeing patent owner the exclusive right to the industrial application of the invention. Protection is granted for a limited time, usually 20 years.
Trade marks is the term by which the company describes itself, its products and services. Thanks to this they differ from other companies, bringing to the market the same or similar goods and services from the customers´ point of view.