Definitions Flashcards
What is Intellectual Property?
According to WIPO, IP refers to creations of the mind that include inventions, books , musical works, performances and movies .It relates to information and knowledge which can be incorporated into tangible objects at the same time in an unlimited number of copies at different locations.
What Are IPRs?
Any and all rights relating to intangible assets owned by a person or company that protect them from use without permission.
What is the Purpose Of IPRs?
They protect the interests of creators by giving them property rights over their creation.
The ability to Protect one’s work from inference from others.
Created to prevent one from using someone’s work without permission.
Promote creativity
and Protect against unfair competition.
Adds value and indorse trust and reduce the risk for potential investors.
What are the 4 major Parts to legal Protection
Applying for a patent
Applying for a copyright
Using Trademarks
Trade secrets
Technology Transfer.
collaborative process that allows scientific findings.
makes it easy to patent or share confidential information.
State the main branches of IP.
Copyright and Industrial Property.
Copyright?
Artistic works which include music, movies, novels, poems, performances etc.
Excludes others from making copies of the expression without permissions.
Industrial Property.
Patents to protect inventions, industrial design: aesthetic creation to determine the appearance of industrial products.
Trademarks to protect reputation.
Service marks.
Layout designs, topographies integrated circuits.
geographical locations / indicators.
It protects against unfair trade competition.
What is the role of IP as an intangible property?
Awards economic rights.
Rewards, commercial exploitation.
Development of products and industry.
capital expenditure
requires investment commitment to materialize
Transfer of technology i.e. IP is transferable.
