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INTELLECTUAL PROPERTY (IP) - Coggle Diagram
INTELLECTUAL PROPERTY (IP)
Types of IP
Patent
Types of Invention Protection
The Act covers 2 key forms of protection
Patent
Utility Innovation
Patentable Inventions
Functional/Technical
New
Involve an Inventive Action
Industrially Applicable
Copyright
Definition:- a form of intellectual property protection or exclusive right given to individuals who produce original works of art and literature
What Can Copyright Protect?
Literary Works
Dramatic Works
Musical Works
Artistic Works
Layouts or typographical arrangements
Recordings
Broadcasts
Derivative Works
Trademark
Definition:- a distinctive name, mark, symbol or motto identified with a company's product(s)
Function of Trademark
Origin Function
Choice Function
Quality Function
Marketing Function
Economic Function
Importance of Trademark Registration
Exclusive Rights
Legal Evidence
Industrial Design
Definition:- the ornamental or aesthetic aspect of an article
Term of Protection for Industrial Design
initial protection period of 5 years
maximum protection period is 15 years
Trade Secret
Definition:- Information that is critical to the business success but does not qualify for patent, trademark, copyright, or industrial design protection
Characteristics of Information That Can be Classified as Trade Secrets
Not known outside the company
Developed at great cost, time and effort
Can last longer than the term of patent
Definition:- a legal entitlement attached to the expressed form of an idea, or to some other intangible subject matter, that enables its holder to exercise exclusive control over the use of the IP.