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Compromises of Intellectual Properties

The document discusses different types of intellectual property including patents, trademarks, copyrights, and trade secrets. It describes what intellectual property is, the importance of intellectual property, advantages and disadvantages of intellectual property, and intellectual property theft.

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74 views13 pages

Compromises of Intellectual Properties

The document discusses different types of intellectual property including patents, trademarks, copyrights, and trade secrets. It describes what intellectual property is, the importance of intellectual property, advantages and disadvantages of intellectual property, and intellectual property theft.

Uploaded by

abusamansevt1925
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PPTX, PDF, TXT or read online on Scribd
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COMPROMISES OF

INTELLECTUAL PROPERTIES
WHAT IS INTELLECTUAL PROPERTY?

• CAN BE ANYTHING FROM PLANS FOR A PRODUCT LAUNCH TO A CERTAIN


MANUFACTURING PROCESS.
• IT CAN EVEN BE THE LIST OF COUNTRIES WHERE THE COMPANY’S PATENTS ARE
IN.
• THIS SHOULD BE THOUGHT AS INTANGIBLE PROPRIETARY INFORMATION.
IMPORTANCE OF INTELLECTUAL PROPERTY

• THE PURPOSE OF INTELLECTUAL PROPERTY IS TO ENCOURAGE NEW CREATIONS,


INCLUDING TECHNOLOGY, ARTWORK AD INVENTIONS, THAT MIGHT INCREASE
ECONOMIC GROWTH.
• INTELLECTUAL PROPERTY RIGHTS INCREASE THE INCENTIVES FOR INDIVIDUALS
TO CONTINUE TO PRODUCE THINGS THAT FURTHER CREATE JOB OPPORTUNITIES
AND NEW TECHNOLOGIES WHILE ENABLING OUR WORLD TO IMPROVE AND
EVOLVE FASTER.
ACCORDING TO THE WORLD INTELLECTUAL
PROPERTY ORGANIZATION
• THE OFFICIAL DEFINITION I THE CREATIONS OF THE MIND. THIS CAN BE THE
FOLLOWING:
• ARTISTIC AND LITERARY WORKS
• NAMES
• DESIGNS
• IMAGES
• INVENTIONS
• SYMBOLS
DIFFERENT TYPES OF INTELLECTUAL
PROPERTY
• PATENT
• UTILITY
• DESIGN

• TRADEMARK
• COPYRIGHT
• TRADE SECRET
PATENTS

• IS USED TO PREVENT AN INVENTION FROM BEING CREATED, SOLD OR USED BY


ANOTHER PARTY WITHOUT PERMISSION.
• IS THE MOST COMMON TYPE OF INTELLECTUAL PROPERTY RIGHTS THAT COME
TO PEOPLE’S MIND WHEN THEY THINK OF INTELLECTUAL PROPERTY RIGHTS
PROTECTION.
• A PATENT OWNER HAS EVERY RIGHT TO COMMERCIALIZE THEIR PATENT,
INCLUDING BUYING AND SELLING THE PATENT OR GRANTING A LICENSE TO THE
INVENTION TO ANY THIRD PARTY UNDER MUTUALLY AGREED TERMS.
UTILITY PATENT

• IS WHAT MOST PEOPLE THINK OF WHEN THEY HEAR THE WORD “PATENT”.
• IT IS ALSO THE MOST COMMON THE TYPE OF PATENT THAT INVENTORS APPLY
FOR.
• A UTILITY PATENT PROTECTS THE CREATION OF NEW OR IMPROVED
PRODUCTS, PROCESSES, COMPOSITIONS OF MATTER, OR MACHINES THAT
ARE USEFUL.
• IN ADDITION, ONCE A UTILITY PATENT IS GRANTED, THE PATENT OWNER WILL
HAVE THE RIGHT TO EXCLUDE ANYONE FROM MAKING, USING OR SELLING THIS
INVENTION FOR 20 YEARS, STARTING FROM THE DATE THE PATENT APPLICATION
WAS FILED.
DESIGN PATENT

• A DESIGN PATENT ONLY PROTECTS THE ORNAMENTAL CHARACTERISTICS


AND THE APPEARANCE OF A PRODUCT, BUT NOT THE STRUCTURAL AND
FUNCTIONAL FEATURES.
• SINCE DESIGN PATENTS AND UTILITY PATENTS PROVIDE DIFFERENT AREAS OF
PROTECTION, YOU CAN APPLY FOR BOTH THE UTILITY AND DESIGN PATENTS
FOR THE SAME PRODUCT.
• UNLIKE UTILITY PATENTS, DESIGN PATENTS HAVE A 15-YEAR TERM.
TRADEMARK

• ARE ANOTHER FAMILIAR TYPE OF INTELLECTUAL PROPERTY RIGHTS PROTECTION.


• A TRADEMARK IS A DISTINCTIVE SIGN THAT ALLOWS CONSUMERS TO IDENTIFY THE
PARTICULAR GOODS OR SERVICES A COMPANY PROVIDES EASILY.
• SOME EXAMPLES INCLUDE MCDONALD’S GOLDEN ARCH, THE FACEBOOK LOGO AND SO
ON.
• A TRADEMARK CAN COME IN THE FORM OF TEXT, A PHRASE, SYMBOL, SOUND, SMELL, OR
COLOR SCHEME.
• UNLIKE PATENTS, A TRADEMARK CAN PROTECT A SET OR CLASS OF PRODUCTS OR
SERVICES INSTEAD OF JUST ONE PRODUCT OR PROCESS.
COPYRIGHT

• DOES NOT PROTECT IDEAS.


• ONLY COVERS “TANGIBLE” FORMS OF CREATIONS AND ORIGINAL WORK:
• ART
• MUSIC
• ARCHITECTURAL DRAWINGS
• SOFTWARE CODES

• THE COPYRIGHT OWNER HAS THE EXCLUSIVE RIGHT TO SELL, PUBLISH, AND/OR
REPRODUCE ANY LITERARY, MUSICAL, DRAMATIC, ARTISTIC, OR ARCHITECTURAL
WORK CREATED BY THE AUTHOR.
TRADE SECRET

• ARE THE SECRETS OF A BUSINESS. THEY ARE PROPRIETARY SYSTEMS, FORMULAS,


STRATEGIES, OR OTHER CONFIDENTIAL INFORMATION AND ARE NOT MEANT FOR
UNAUTHORIZED COMMERCIAL USE BY OTHERS.
• THIS IS A CRITICAL FORM OF PROTECTION THAT CAN HELP BUSINESS GAIN A
COMPETITIVE ADVANTAGE.
• ALTHOUGH INTELLECTUAL PROPERTY RIGHTS MAY SEEM TO PROVIDE A MINIMUM
AMOUNT OF PROTECTION, WHEN UTILIZED WISELY, THE CAN MAXIMIZE THE
BENEFIT AND VALUE OF AN INVENTION AND ENABLE WORLD-CHANGING
TECHNOLOGY TO BE DEVELOPED, PROTECTED AND MONETIZED.
ADVANTAGES AND DISADVANTAGES OF
INTELLECTUAL PROPERTIES

ADVANTAGES DISADVANTAGES
1. THERE ARE NO EXTRA FEES CONNECTED WITH IP. 1. ADDITIONAL COSTS
2. COMPETITIVE EDGE OVER OTHER ALIKE BUSINESS
2. PIRATING
3. IP HELPS IN ENHANCING THE COMPANY’S VALUE
4. IP AIDS IN MARKETING THE COMPANY’S PRODUCTS 3. REDUCED QUALITY
AND SERVICES.
5. OBTAINING FINANCE BECOMES EASY
6. GREATER EXPORT OPPORTUNITIES
INTELLECTUAL PROPERTY THEFT

• THE UNAUTHORIZED USE, EXPLOITATION, OR OUTRIGHT THEFT OF CREATIVE


WORKS, IDEAS, TRADE SECRETS, AND PROPRIETARY INFORMATION OTHERWISE
PROTECTED UNDER INTELLECTUAL PROPERTY LAWS.
• IP THEFT COVERS A WIDE RANGE OF CASES, INCLUDING TRADEMARK
VIOLATIONS, COPYRIGHT INFRINGEMENT, AND PATENT INFRINGEMENT.

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