Intellectual Property Flashcards
Intellectual Property
Creations of the mind for which a set of exclusive rights are recognized
Examples of Intangible Assets
Music, Literary works, artistic works, inventions, words, phrases, symbols and designs.
5 Kinds of IP Law
Copyrights Trademarks Patents Industrial Design Rights Trade Secrets
Examples of Trade Secrets
Formulas, Patterns, designs customer lists
Owner of a trade secret must take
all reasonable precautions such as locks, fencing or security guards to preserve secret
Stealing a trade secret subjects you to _______ and _________ penalties
Civil
Criminal
Federal Economic Espionage Act of 1996
Federal Crime for any person to convert trade secret to his or her benefit or the benefit of others
Porvides an incentive for inventors to invent and make their inventions public and to protect them from infringement
Federal Patent Statute of 1952
USPTO
United States Patent and Trademark Office
Patent applications must be filed with ____________
USPTO
`Invention must be
novel
useful
nonobvious
Patentable subject matter includes
machines, processes, composition of matter etc..
Patent holders usually affix the word __________ or ______ and the ___________ to the patented article
patent
pat.
patent number
If patent app. is filed but a patent has not yet been issued, the words __________ __________ are place on the article
patent pending
Patents on articles of manufacture and processes are valid for ____________
20 years
Design patents are valid for ___________
14 years
GATT
General Agreement on Tariffs and Trade
WTO
World Trade Orginization
US still follows _______________rule rather than ______________
first to invent
first to file
Patent holders own ___________________and ___________their patent.
exclusive right to use
exploit
Patent infringement
occurs when someone makes unauthorized use of another’s patent