intellectual property Flashcards
define intellectual property
a legal framework that gives creators legal recognition of their creations and helps creators benefit financially from their ideas and gain an advantage over other producers and control their product
briefly discuss the 5 types of IP
1) patents; 20 year legal control and monopoly of an invention/functional object which is deemed completely new and original. the product must be capable of industrial and useful application
2) trademark; legal control of certain colours, shapes, slogals and logos whcih identify a product
3) design right; legal control over the extternal appearence, pattern and shape of a product (factors which dont effect function.
4) copyright; legal control over ideas expressed such as books, songs and movies
5) trade secrets; dont tell anyone about your ideas
