Intellectual Property (IP) refers to the fabrication of human minds which perceive to be recognised for exclusive rights. Pioneers, maestros and sole-proprietors are granted exclusive rights to a collection of intangible assets for a specified period. There are various types of IP laws. In Singapore, they are protected by trademarks, copyrights, patent, geographical indications, registered designs, plant varieties protection, layout-design of integrated circuits and miscellaneous amendments. Even though intellectual property is an intangible asset to a company, they give business partners and financial institutions the assurance to partner with and add capital with the chosen organisation, making them as valuable as a tangible asset. By securing their creation, owners can amplify the value of their intellectual property by including them in a transaction, license them out and franchising them. Thus, many types of laws are required to protect their intellectual property as they can alter from confidential information of innovations, to artistic works. Patent is an entitlement granted to the owner of an invention that stops others from making, using, importing or selling the invention without his/her permission. A patentable invention can be either a product or a process that provide a new non-theoretical resolution to a problem. It can also have a new ways of doing things, the composition of a new product, or a technical improvement on how certain objects runs. Once you register a patent, other than using patent to forbid others from making use of your invention, you can use it to raise funds for your business, license it to third parties for profits. When a patent is granted, the duration of protection for a patent is 20 ... ... middle of paper ... ...om a particular location which gives that product a special quality or reputation or other characteristic. Popular examples of GIs include Bordeaux (wine), Darjeeling (tea) and Tuscany (olive oil). In Singapore, a GI can be protected under the Geographical Indications Act (Cap. 117B). It may also be allowed for registration as a trade mark under the Trade Marks Act (Cap. 332). However, there is a stark contrast between a GI and a trade mark. A GI tells consumers that goods comes from a certain place and has special qualities due to that place of origin, while a trade mark is used to distinguish a business’ goods or services from those of other businesses. A GI may be used by all producers or traders whose products originate from that place and they may share common traits, while a trade mark gives its owners the right to prevent others from using the trade mark.
A patent provides patent owners with protection and exclusive rights to their invention for up to 20 years. However, if the patent owner gives consent, the patent protection can be extended or sold to commercial distributors or other interested parties based on agreed upon terms. Patent laws forbid people or businesses from exploiting a process or invention from being commercially used, distributed or sold by anyone other than the patent holder. However, once the patent expires, the protection ends and becomes part of the public domain.
a car, wallet, photograph, shirt, pen and phone and so on) (Roger, 2012). The intangible personal property, on the other hand, is personal property that by its very nature does not have a physical existence as such, but is merely a right that can be owned as opposed to a real, tangible objects (i.e. stocks and bonds) (Roger, 2012). Overall, the real, intellectual and personal property has the same rights under the law, but their circumstances are very different in
“A patent is an intellectual property right granted by the Government of the United States of America to an inventor “to exclude others from making, using, offering for sale, or selling the invention throughout the United States or importing the invention into the United States” for a limited time in exchange for public disclosure of the invention when the patent is granted.” ("Patents," 2014) There are three types of patents, utility, design, and plant. Utility patents protect useful process, machines, article of manufacture, and composition of matter. Design patents pro...
Intellectual Property Law used to only protect art, music, and literature, but because of technological development, Intellectual Property Law now also protects a greater variety of innovations including designs, inventions, symbols, discoveries, and words. The phrase “intellectual property” was first known to be used in the late 1700’s; however, it was not widely talked about, nor was the Intellectual Property Law in actuality commonly implemented. Intellectual Property Rights slowly gained more attention by mid-1800’s after the Industrial Revolution had taken place: more companies were created, competition between corporations became fiercer, and owning unique innovations were crucial to winning the competition. However, as Intellectual Property
The system of patenting is done by law that was created by legislation. The patent act identifies rightly the right of a patentee (holder of the patent) and gives the guidance to when you experience infringement committed by somebody. Rights of a patentee as per law in the Patent Act There are some exclusive rights granted to a patentee in Section 42 of the Canada patent act. This gives the liberty to use the invention and make money from it for a certain period without any competition and restricting others to copy the formulae until the patent ends.
Intelligence can be defined in many different ways since there are a variety of individual differences. Intelligence to me is the ability to reason and respond quickly yet accurately in all aspects of life, such as physically, emotionally, and mentally. Anyone can define intelligence because it is an open-ended word that has much room for interpretation. Thus my paper is an attempt to find the meaning of human intelligence. There are a couple of scientists who have tried to come up with theories of what makes a human being intelligent.
Intellectual Property - Intellectual property reflects on the ideas and things we can imagine and produce with our minds. Intellectual property includes anything that may be patented, owned, or protected by a trademark. There are four types of intellectual property, such as trademark, copyrights, patents, and trade secrets. Based on this week’s scenario, Sam had signed a non-disclosure agreement as a condition of his employment with ABC but unfortunately, has violated the conditions by downloading a list of customers for the company. This implies that the subject of intellectual property
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.
Intellectual property is property resulting from intellectual, creative processes. A product that was created because of someone’s individual thought process. Examples includes books, designs, music, art work, and computer files. (Miller R. J., 2011, p. 114) In the music industry a copyright is an important tool for artist to use to protect themselves from infringers. A copyright is the exclusive right of an author or originator of a literary or artistic production to publish, print, or sell that production for a statutory period of time. A copyright has the same monopolistic nature as a patent or trademark, but it differs in that it applies exclusively to works of art, literature, and other works of authorship (including computer programs). (Miller R. J., 2011, p. 125)
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.
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.
To many people, when they hear the word “invention” they think of clever gadgets and devices that are now common. Such as the safety pin, zippers, computers, telephones, and cars- all of which have amazing stories behind them. However the word “invention” actually goes back to the Latin word invenire for “to come upon.” Basically an invention can be any tangible device or a process, which is brought out by the human imagination.
Intellectual property is the ownership of ideas as well as the control over the tangible or virtual representation of those ideas. Software is intellectual property, as are books, movies, and music.Like music performers and authors, software developers use copyright laws to protect their work and their investment in the field. The theft of intellectual property thus eliminates the resources used to develop newer and better products.
They are a type of intellectual property, similar to trademarks and copyrights. A patented invention is stamped with the word patent, and a number assigned to the patent. Some are marked with the location of the patent for example ‘China Patent’ and a number, indicating it was patented China. One item can be covered by more than one patent, as in the case of a laptop. After a patent application is submitted, a candidate is allowed to mark a product patent pending, but that does not convey any legal protection. It is illegal to mark an item as patented if it doesn’t have a patent.