IPR protections
The most important thing of having the IP protection is that you can keep your competitors away; you can be one-step ahead. Because the right you get from the IP protection can prevent other people from copying, selling or utilizing your intellectual property without having your permission.
Your IP right can be protected by the IP law. You may protect your IP right by filing a patent application, by applying for utility model, by registering trademark, registering your design, or by using trade secret.
These forms of IPR protection are suitable for different kinds of intellectual property.