Patents are Essential to the Modern World
A patent is the public disclosure of the invention and the best way of practicing the invention, in exchange for the rights to that information for a set period of time - twenty years. A patent permits its owner to exclude members of the public from making, using, or selling the claimed invention.
This type of arrangement is a necessity for any type of scientific work. It allows other people to share in the ideas that have been thought and utilized by a company and/or individuals so that research is not unnecessarily performed twice. This is beneficial to the owner of the intellectual property (IP) so that financial reward can be obtained, and knowledge can be freely publicized for others thereby not inhibiting the progression of technology and science. This is a necessary step in the flow of scientific information so that the entire system remains efficient.
The patent is a great way for protecting an inventor’s idea however there are some conditions attached to the granting of a patent. These are in relation to the use and history of the invention. The criteria that need to be met are that the invention is ‘Novel’, ‘non-obvious’ and commercial utility. The invention also has to work (be reproducible) and can not have been published publicly at any event prior to the filing of a patent. These factors need to be assessed before an application for a patent is filed.
The patent is the most powerful method available to the owner of IP because it offers the most comprehensive cover, along with the most options in the ways that the idea can make money for the persons involved. Other means of protection are quite feeble in comparison to the patent, for example ...
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... company. Or they are supplied with an annual crop which can only be used once, as it produces sterile seeds, and therefore they would have to purchase the same invention many times over simply due to a lack of money. This ensures rewards are passed on to the inventors of the invention. This is good in a commercial sense and enables quick progression of commercial products. It is also good in a way of freedom of research information. However the end user might not always be as well off as they could be.
Overall the use of patents is an essential step in the commercialization of any product in the modern scientific environment. It is a method of trying to reduce the doubling up of research and ensuring the correct people are paid for the inventions. It is essential that some basic rules are followed and every idea is scrutinized by an application process.
(7) Hall B. Patents and Patent Policy -. 2007. The 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the Morse H. SETTLEMENT OF INTELLECTUAL PROPERTY DISPUTES IN THE PHARMACEUTICAL AND MEDICAL DEVICE INDUSTRIES: ANTITRUST RULES. Allison JR, Lemley MA, Moore KA, Trunkey RD. Valuable patents. Geol.
Intellectual property is an incredibly complicated facet of the law. In the United States, we have many laws in place to control and limit profiting from others intellectual property. The issue is not only profiting from others intellectual property, but not purchasing the property from the originator as well. We will discuss why it is important to protect this property as well as why it is tremendously difficult to regulate all these safe guards. “Intellectual Property has the shelf life of a banana.” Bill Gates
For example, one cost was over 24,000 deaths on the patriots side. On the British there were 17,000 people. As McGraw Hill, Discovering our past states, “The British planned to crush the colonies by force.” This shows that most of the Americans reward was worth it because they got to fight on their own land. Plus the Americans had help from French. Overall, the reward of fighting the British was not worth thee American lives.
However, the same arrangement does not necessarily apply to private sector research funds. Upholding different interest to that of the researchers, industries may urge scientists to align with the focus of the company, share profits made from commercialisation, have their works regulated. A statistician, William Sealy Gosset, had to have his work published under the pseudonym of ‘Student’ because the company he worked for had different values to his experiment and its findings. Guinness brewery where Gosset was employed prohibited any publication from its workers to avoid associations with the company. It will be
Sharing of knowledge, technology, and capital that are brought to the company by the partner.
The World Intellectual Property Organization, Intellectual property is the ‘products of the mind: inventions, literary and artistic works, any symbols, names, images, and designs used in commerce’. Intellectual Properties such as Patents, designs, trademarks and copyrights are protected by laws. The US government offers different types of protection for these properties. The Lanham Act (15 U.S.C.A. Section 1051 et seq., also known as the Trademark Act of 1946, provides protection for trademarks. A trademark is defined as a name, word, symbol, or device or any combination thereof, adopted and used by a manufacturer or merchant to identify its goods and distinguish them from those manufactured and sold by others.
Because of its intangible nature, and particularly the increase of the digital domain and the internet as a whole, computers and cyber piracy make it easier for people to steal many forms of intellectual property. Due to this major threat, intellectual property rights owners’ should take every single measure to protect their rights. Unless these rights are either sold, exchanged, transferred, or appropriately licensed for use in exchange for a monetary fee, they should be protected at all cost. In order to protect these rights, the federal and states governments have passed numerous laws and statutes to protect intellectual property from misappropriation and infringement. “The source of federal copyright and patent law originates with the Copyright and Patent ...
There are many reason that why is it important to protect one’s intellectual property. Some of the reason are Creator being accused as a theft, Loss of Reputation, Loss of income, Loss of Asset and Loss of Authority Rights.
As we said above patents grant exclusive rights to an invention or a process of making and invention. So what does a patent cover? Chemical patents cover the structure of a molecule and also the process in which the molecule is made. This is a good thing for pharmaceutical companies who take out these patents as they can regulate the market. Because these companies own the rights of a molecule or drug exclusively they can restrict competition from competitors. Companies that have patents on drugs have the added benefit that they are the sole distributor of that drug and all profits go to them. Other companies cannot repl...
a set of one or more “claims” which are certified priority document and power of attorney that describes exactly the products or processes that would be protected by the patent. These claims are the essence of an invention and, as such, applicants should pay special attention to documenting their claims to ensure that they obtain the broadest protection possible for their invention.
Access to resource - One of the reasons to collaborate is to take advantage of resources. For example, an inter-company collaborates to place a product in the market where one compa...
As society grows and evolves, technological advancements and innovations continue to develop and consistently change different aspects of our society. For an organization, understanding how to manage these innovations is essential for their proper utilization and implementation. With technological advancements and innovations constantly emerging, it is important for an organization to stay aware of which new technological innovations can help them be successful. Organizations are always looking to set themselves apart from competition through innovation.
Copyright is a protection for authors, composers or artists and other creators who create innovative idea base work. Copyright law is important because of its role to protect the interests of the creator, while allowing others to gain access to it legally. It designed to make sure that creators receive appropriate rights for their own ideas and creativity, and to promote artistic creativity by protecting the creator.
Patents claims focus of the mechanism, principles and components surrounding those ideas. Patents are the strongest of the law to protect the intellectual property. Patent law is based on a very strict liability standard, making a business owner’s strongest option for intellectual property protection. Patents often make use of reverse engineering. Through reverse engineering, they see if patented inventions are in used by another company. Patents have an expiration date; the design patent protect design, shape, configuration and appearance of any invention for 14 years, and utility patents that protect functional makeover and new invention last for 20