introduction Flashcards
What’s Special about Intellectual Property?
A. Intellectual Property Is a Product of Law
B. Lawyers working in intellectual property law often specialize in more than two of the areas.
B. Intellectual Property Is Imaginary
C. Intellectual Property Is Difficult to Measure
D. Intellectual Property Law Creates Artificial
Monopolies
E. Intellectual property is a bundle of legal rights
B is wrong, only one or two areas since IP law is so compliated.
E is wrong, it’s not special.
Can trademark be a scent?
yes, the smell of eucalyptus for golf tees in Australia
Copyright, trademark, design, patents are considered as intellectual property because they award *over tangible things associated with *created by *.
property rights ; abstract objects; the human mind
in order for patent owners to have property rights over the objects, they need to follow what?
following the instructions about how to make an invention that were registered as the patent- written down in a prescribed form known as ‘specifications’.
The ‘intellectual property rights’ is the thing being regulated. true or false?
False. The ‘intellectual property rights’ is the thing being regulated, and the ‘rights’ are the legal rules setting out who has permission to do what in relation to that thing.
false or true?
A. the notion of an ‘intellectual’ type of property as a definitional tool is considered as useful
B. Intellectual property is whatever the law says or stipulates it is.
C. ‘intellectual property’ has no settled definition
D. As it is created by law, intellectual property can be easily changed by law.
F. intellectual property law involves putting act fences around imaginary territory.
A. wrong. It has been argued that the term ‘property’, arguably is so broad that it becomes almost meaningless. [philosophical debates]
B. correct. The fact that something is classified as ‘intellectual property’ does not in itself tell us much about the nature of those areas of law.
C. correct.
D. imaginary fences, not actual fences. [not as physically measurable objects]
What prompts change in IP law? give two examples.
technological advances and change of business practice
why IP lawyers make great effort to ensure that each of the imaginary objects that are being described can be identified consistently and accurately by different people
This is important both in intellectual property contracts and license agreements,
- the scope of the object being agreed about;
- intellectual property litigation, where the scope of the intellectual property object being fought over must be established
- contracts and license agreements end up being the subject of litigation
who determines the boundaries of an intellectual property object?
- a court
- a registry office such as IP Australia
Both
true or false?
A.Once a registrar or court has determined the boundaries of a piece of intellectual property in one context, the boundaries may be clear in future contexts.
B. the boundaries of IP are always dependent on what they are being assessed against.
C. Valuation of intellectual property assets is a specialist field of accountancy.
D. cost approach or owner value approach of determining IP value is a simple approach that may be prone to mistake if used in isolation.
E. market approach is always handy and useful.
A. wrong, still unclear.
B correct, in this sense, intellectual property is thus difficult to measure.
D. correct. other considerations may be important too. e.g., costs of maintaining intellectual property (eg. registration renewal fees and enforcement costs), and considerations of the ongoing value of that intellectual property in a competitive marketplace.
E. incorrect, historical information may not in fact be available.
Valuation of intellectual property assets is important in which of the following contexts.? A. assignment B. licensed. C. mergers and acquisitions D. shares being issued or traded F. tax purpose.
A-F
cost approach or owner value approach concerns with * replacement ; the market approach concerns with * price;
income approach or economic benefit approach concerns with *.
hypothetical;
realistic prices that might be achieved if the intellectual property object is sold. (comparable pieces of intellectual property; empirical data to estimate a notional price.)
cash flow likely to be generated by ownership, or use, of the intellectual property are obtained
Unless they are regulated, intangible things like inventions and musical works are public goods with two important characteristics?
non-excludable
non-rival [ii.meaning that many people can simultaneously use and enjoy the intangible thing without anyone having any less of it or being deprived of it. They never run out. ]
no regulation of inventions may lead to what problem (economic terms), which constitutes a kind of * leading to t*. without compensation for the work, only people who *production of creative things. government typically address this problem by doing what?
‘free rider problem’
market failure, reduction in production and investment
cross-subsidize
(1)participate directly in the production and distribution of goods and services by cross-subsidizing unprofitable projects with funds from other sources.
(2)a regulatory model: where states implement laws that change the manner in which markets operate.
True or false>
A. cross-subsidize is unlikely to function on a large scale.
B. Intellectual property laws create government-granted monopolies.
C. Australian copyright law never allows unauthorized
uses.
D. none of the theories offers a full and convincing justification for intellectual property laws.
E. it’s fair to describe law-making in this area pragmatic rather than idealistic.
C is incorrect. Australian copyright law contains fair dealing exceptions that allow such unauthorized uses in certain circumstances.
Australian law contains provisions for compulsory licenses;
Most intellectual property monopolies are confined to limited terms,
D. Correct. Justifications for intellectual property laws are arguably best understood in context, by examining their theoretical underpinnings alongside their social, economic and political environments.
E: For example, the government might agree to introduce an intellectual property provision in Australia as part of an international treaty arrangement that will give Australian farmers better access to overseas markets for crops and livestock (NB. many commentators criticized Australia’s entry into the US-Australia Free Trade Agreement 2004 for this reason).
The introduction of intellectual property laws can provide a remedy to the free rider problem by giving people *. Intellectual property laws do this by creating * that prohibit free-riding.
an incentive to invest in the creation of new intellectual material;artificial monopolies.
these imaginary fences create unnecessary costs and problems, in particular it make it difficult or impossible for the creation of *., which is encouraged by. * art movement is also associted with it. The problems include giving permission, if permission is given, * is too high or *
derivative works; Modern remix culture; appropriation art movement ; price; tragedy of the anti-commons [are so many different owners of different pieces of intellectual property that it becomes impractical to work within the system.]
An exception to limited terms is what?
trademarks can be infinitely renewed so long as they continue to comply with the requirements for registration.
What are the three types of theories that try to justify IP laws?
i. Rights-based justifications
ii. Economic/efficiency-based justifications
iii. Consequentialist/teleological justifications