Chapter 8 Flashcards
Intellectual property is ________ law. Protection of non-________ property. Trademark (identity).
Substantive, tangible
What is intellectual property?
Property resulting from intellectual, creative processes. Not ideas.
Intellectual property balances ___________ with ___________ investment.
Competition, research and development
What is a trademark (identity)?
Distinctive mark, motto, device, or emblem. Distinguishes product or service from others. Prevents consumer confusion. Filing is not required but helpful, if renew/use it does not expire.
What is a license?
Contract to use trademark, copyright, patent, or trade secret.
What is a service mark?
Used to distinguish services, titles and character names.
What are the requirements for a legitimate patent?
Product, process, or design must be genuine, novel, useful, and not obvious in light or current technology.
What is the use of a patent (inventions)?
Grant giving inventor privilege to make, use or sell. May protect an invention, process, or design. Not patentable- laws of nature, natural phenomena, and abstract ideas.
First to file patent gets _________, invention is ___ years, design is 14 years (non-functional).
Protection, 20
What is a patent infringement?
Making, using, or selling without permission. Even if not identical or put into commerce.
What is copyrights (artistic expression)?
Protect literary or artistic production. Lifetime of creator, 70+ years, when protection ends its public domain. Filing not required but helpful.
What are trade secrets (business information)?
Vital information of a business.
