Introduction

Question 1

What is the tangible assets?

Answer 1

physical items owned by a company, such as equipment, buildings, and inventory

Question 2

What is the intangible assets?

Answer 2

a non-physical asset such as a patent, brand, trademark, or copyright

Question 3

INTELLECTUAL PROPERTY CODE OF THE PHILIPPINES

Answer 3

RA 8293

Question 4

What is Invention

Answer 4

a product or a process that provides, in general, a new way of doing something, or offers a new technical solution to a problem.

Question 5

What is Utility Model

Answer 5

a registered right that gives the holder exclusive use of a technical invention.

Question 6

What is Industrial Design

Answer 6

the ornamental or aesthetic aspect of a useful article (product). The design may consist of three-dimensional features, such as the shape or surface of an article, or two-dimensional features, such as patterns, lines or color.

Question 7

What is Trade Mark

Answer 7

is a word, a group of words, sign, symbol, logo or a combination thereof that identifies and differentiates the source of the goods or services of one entity from those of others.

Question 8

Rights conferred by the patent

Answer 8

• Prevent others from making, using, offering for sale, selling or importing infringing products in the country where the patent was granted

-Sell these rights or conclude licensing contracts

• For up to 20 years from the date of filing of the patent application