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Protecting Innovation

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PROTECTING

INNOVATION
Chapter 9
Intellectual Property Protection Method
PATENTS COPYRIGHT TRADEMARKS TRADE SECRETS
Patent
◦A patent is an exclusive right granted for
an invention, which is a product or a
process that provides, in general, a new
way of doing something, or offers a new
technical solution to a problem.
UTILITY PATENTS

Protects new and useful processes, machines,


manufactured items or combinations of materials.
may be granted to an inventor who creates
or discovers a new and useful process,
machine, manufactured item, or combination
of materials.
Plant Patents vs Design Patent
design patent
 may be granted to the inventor of an original
and ornamental design for a manufactured item.
plant patent
 may be granted to an inventor who invents or
discovers and asexually reproduces any distinct
and new variety of plant.
To qualify for a patent and invention must
usually meet the following criteria;

1.It must be useful


2. It must be novel
3. It must not be obvious
Patent Cooperation Treaty (PCT)
No global patent standard but
there are treaties that help to
harmonize patent laws across
countries and make it easier to
apply for patent protection in
multiple countries at the same
time.
Copyright
Copyright (or author's right) is a legal
term used to describe the rights that
creators have over their literary and
artistic works.
Works covered by copyright range from
books, music, paintings, sculpture, and
films, to computer programs, databases,
advertisements, maps, and technical
drawings.
Under section 106 of the 1976 Copyright Act, the owner of the copyright has
the exclusive right to do (or authorize others to do) the following:

• Reproduce the work in copies or phonorecords.


• Prepare derivative works based upon the work.
• Distribute copies or phonorecords of the work to the public by sale or other transfer
of ownership, or by rental, lease, or lending.
• Perform the work publicly, in the case of literary, musical, dramatic, and
choreographic works, pantomimes, and motion pictures and other audiovisual works.
• Display the copyrighted work publicly, in the case of literary, musical, dramatic, and
choreographic works, pantomimes, and pictorial, graphic, or sculptural works,
including the individual images of a motion picture or other audiovisual work.
• Perform the work publicly
Trademarks and Service Marks
A trademark is a word, phrase,
symbol, design, or other
indicator that is used to
distinguish the source of goods
from one party from the goods of
others.
TRADE SECRETS
A trade secret is information that
belongs to a business that is
generally unknown to others.
Trade secrets need not meet
many of the stringent
requirements of patent law,
enabling a broader class of assets
and activities to be protectable.
For information to qualify as a trade secret under the Uniform Trade Secret Act, the
information must meet the following three criteria:

• The information must not be generally known or readily


ascertainable through legitimate means.
• The information must have economic importance that is
contingent upon its secrecy.
• The trade secret holder must exercise reasonable measures
to protect the secrecy of the information.

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