Intellectual Property Flashcards
The definition of intellectual property
A right that is bestowed by the Patent Office which gives legal recognition to the ownership or band name. This gives protection to prevent other from exploiting or copying their property.
What are the 4 main areas in intellectual property?
Copyright
Trademarks
Design rights
Patent
All information regarding copyright
Protects your work and stops anyone using it without permission.
This is automatic, meaning that you don’t have to apply for it. However, the piece should be signed, dated and have a c labelled.
Protects property like music, films, web content, broadcast etc.
Lasts up to 50 years but 25 years for photographs.
All information regarding trademarks
A sign which can distinguish your goods/services form the competitors.
A trademark is a marketing tool so that customers can recognise the brand.
This provides legal protection against infringement.
The trademark should be unique and distinctive.
It increases brand recognition and loyalty.
Protects the sign up to 10 years.
All information on design rights
Design rights are all about the configuration and shape of the new product.
This intellectual property can only stop someone from copying the design.
However, they can be registered to increase the protection.
Design rights only protect it for 5 years but can be extended in 5 year terms for 25 years.
All information regarding Patents
Patents protect new inventions and cover how things work, what they do, how they do it, what they are made of and how they are made.
If there is a granted patent, it must be renewed every 5 years for only 20 years. CAN BE EXPENSIVE.
Patents make it illegal for anyone to make, sell, import or use the invention without permission.
You can either sell the invention and all the IP rights OR license the intention to someone but retain all the IP rights.
