Protecting Intellectual Property Flashcards

1
Q

What are the definitions of intellectual and industrial property?

A

Intellectual property (IP), the intangible asset that comprises or results from creativity, innovation, invention, know-how, and reputation

Industrial property – patents, trademarks, industrial design and
geographic origin.

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2
Q

What are the definitions of Utility and Petty Patents, Licensing, and their duration?

A

Utility Patent– protect utilitarian, functional items and relationships,
physical embodiments of innovative ideas, and discoveries (20 years).

Petty Patent – protect utilitarian/functional items and relationships that are worthy of an incentive but don’t quite meet the threshold standard requirements for a utility patent (10 years).

Licensing - Agreement between two parties, with one being owner of a certain information, process or technology under protection by patent, trademark or copyright.

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3
Q

What are the definitions of Trademark, Copyrights and Industrial design rights?

A

Trademark is the differentiation sign that identifies certain goods or services as the ones produced or provided by a certain company. It is used to identify the source or origin of a product or service, distinguishes goods or services of one company from another.
* It can be word, symbol, design or combination thereof, along with
slogan, or even specific sound, which identifies property over
certain product or service.
* Provides the owner with the exclusive right to use for identification of goods or services, allowing someone else to use it for a fee.

Copyright - literary pieces, films, musical pieces, artwork, architectural design.

Industrial design
* Protect non-utilitarian/ nonfunctional appearance and designs.
* Decorative or aesthetic appearance of an item. In order to be protected, it needs to be new, or original and non-functional.
* May consist of three-dimensional properties – form of surface of an
item or two-dimensional property – prints, lines or colour.
* Owner, a person or a company that registered design, secured exclusive right against unauthorized copying or imitation of design by third party

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