Techno_8 Intellectual Property Flashcards
It refers to creation of the mind, such as inventions; literary and artistic works; designs; and symbol, names and images used in commerce
Intellectual Property
An act prescribing the intellectual property code and establishing the intellectual property Office, providing for its powers nad functions, and for other purposes
RA 8293
Why is IP so important
- Protects Ideas: Secures your unique tech innovations from competitors.
- Enhances Value: IP can increase the value of a tech startup, making it more attractive to investors.
- Revenue Generation: IP rights can be licensed or sold, generating additional income.
- Market Differentiation: Helps to build a distinctive brand and reputation in the market.
It is the protection for original works of authorship, including literature, music and art
Copyright
Protection for brand names, logos and other identifiers
Trademark, trade name & service marks
Protection for the aesthetic aspect of products.
Industrial design and geographic indication
Protection for inventions and discoveries
Patents and utility models
Protextion for confidential busines information that provides a competitive edg.
Trade Secrets
An invention is consider novel if ________________. This means that the invention must be ___________________.
not part of the prior art
new and not previously disclosed to the public
An invention involves an inventive step if it is ___________________________.
not obvious to a person skilled in the relevant field of technology
An invention has industrial applicability if it can be ________________________.
produced or used in any kind of industry
They are more likely to back startups with strong IP portfolios, as it reduces risk.
Investor Confidence
A strong IP portfolio increases a company’s market value
Valuation
IP assets can be sold or licensed in the event of acquisition or merger
Exit Strategies
