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Intellectual Property (Case Studies (Dippin Dots, Elvis's Memory, Bolt…
Intellectual Property
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What is IP?
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Product of human imagination, creativity and inventiveness
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Four Key Forms of IP
Patents
A grant from the government conferring the rights to exclude others from making, selling or using an investion
Increasing interest in patents, thus takes longer to receive one
Does not give the owner the right to make, use or sell an invention rather just to exclude others from doing so
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Six Step Process
- Make sure the invention is practical
- Document when the invention was made
- Get an IP lawyer. Cost of app. approx 5k
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- File a patent application
- Obtain a decision from Irish patent office
Trademarks
Any word, name, symbol or device used to indentify the source or orgin of products or services
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Copyrights
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What is protected?
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Pictoral, graphic and sculptural works
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Conducting an IP Audit
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it is important for a firm to remain prepared to justify its valuation in the event of a merger acquisation
process
- develop an inventory of a firms IP
- indentify works in progress to ensure there is documenttion
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