Theory: Intellectual Property Flashcards
lWhat is a patent?
a legal document that gives the inventor the right to prevent others from making, using, selling, or importing their invention for a set period of time, granted to technical item that meets a 3 fold test
Test for patent?
Novelty, utility, non-obviousness
What are the advantages of a patent?
- Gives innovators a strategic advantage for marketing the project
- Allows innovators to make improvements
- Social benefits to society- know the technical properties of an item
Example of patent?
Polaroid, founded 1937, declared bankruptcy in 2001
What is a trademark?
A word, symbol or combination thereof used in association with a product to identify in the marketplace
What does potency of names mean
Legal protection provided by the name
4 categories of trademarks?
Arbitrary (self created), suggestive (leap of imagination), descriptive (describes attributes), generic (no fed protection)
What is the duration of a trademark?
5 years, need to renew it after every 5, pay a registration fee every 10 years
What are 3 ways to lose a trademark?
abandonment (e.g. Brooklyn Dodger to Salty Dog Bar), genercide (kill of a brand bc not put enough $$ into the name e.g. kleenex vs tissue), procedural issues
What is the fear of trademark infringement?
Dilution- watering down of the mark’s distinctiveness
2 tiers of potency of names
A. legal protection, B. strong mark
Test for arbitrary or fanciful?
1st user
Test for suggestive potency of names?
secondary meaning, first user
Test for descriptive potency of names
secondary meaning, first user
Test for generic potency of names?
No test
What was the Lanham Act 1946
Provided federal framework for trademark registration + protection
prevents customer confusion about the source of goods and services, established clear rules + procedures for trademark registration and enforcement
Examples of Lanham Act 2 bars to registration (forbidden)
immoral, flag, name/portrait/sig of living individual, merely descriptive, primarily geographically descriptive, functional
What is the principle of nature of the works?
Anytime you have artistic, intellectual, and creative works, you have room for a possible copyright
What is a sequel?
A published, broadcast or recorded work that continues the story or develops the theme of an earlier work. Includes “remakes”
What are the seven principles and procedures?
Limited monopoly, idea v expression dichotomy, constitutional issue, statutory authority, copyright symbol, two tests for copyright infringement, damages
What are the technical tests for ©
- Registration
- Notice
- Deposit
What are the two tests for copyright infringement?
- 3 Ps
- Public
- Performance
- Profit - General test
- Access
- Familiarity
- Similarity (substantial)