Patents Flashcards
compulsory license
in case of national emergency or other extreme urgent public non-commercial use. Scope and duration must be limited. Use is non-exclusive and non-assignable
Importance of patents
key tools for promotion of inventions and innovation, and to transform knowledge into value
Term of protection for patent
20 years from date of filing
What kind of right does a patent confer
a property right
Requirements for patent
invention must be novel, non-obvious, industrial applicable, patentable subject matter
what subject matter can’t be patented
human life, mathematical algorithms, laws of nature, natural phenomena
Differences in industrial applicable / utility
can be made in industry, must have some industrial application, simply utility
Why are patents important economically
source of value for companies and their activities
how to protect economic value of IP
legal mechanisms through registration, enforcement (oppositions, patent litigation)
Registration system for Patents
national, regional, PCT
what is the national system of protection
the patent is applied for and registered in one country. the protections apply only in that country.
what are the regional application systems
EPO, Eurasian, Africa I and II
what is the international application system for patents
PCT application is filed in applicant’s home office, but application is good for any country member to the PCT which applicant wishes to apply in
economic justifications for the patent system
incentive to invent, disclose, innovate
What does WIPO manage
the Madrid system (trademarks), the PCT (patents), and the Hauge agreement (industrial designs)
