Intellectual property and business law Flashcards
patent
Document issued by a government which grants a right of exclusion to an inventor for a given period, in exchange for a complete description of the invention
A patent does not give the right to use an invention
What are examples of a patent
A product → new compound
A composition → chemical composition comprising the new compound
A machine → machine for making the new compound
A process → method for making the new compound
An improvement on any of these
What are criteria for a patent
newness, non-obvious, patent subject matter, useful
industrial Design
Visual features of shape, configuration, pattern or any combination
- protect how something looks but not how it functions
- protect = stops commercialization
copyright
Exclusive legal right to produce, reproduce, publish or perform an original work
- provides protection for literary, artistic, dramatic or musical works and other subject-matter known as performar’s performances, sound recordings, and communication signals
- more creative
Trademark
- Can be a sign or combination of signs (e.g.,words, sound or designs) used to distinguish the goods or services of one person or organization from those of others
- Main use = inform consumers of the source of certain goods or services
- Tries to prevent what is known as confusion in the marketplace → avoid confusion of source
What are limitations of trademarks?
Limited to certain goods/services (can be used in different area of business).
e.g. someone can open a nuclear reactor seller named second cup and it would likely be ok because it is unlikely an average buyer would surprise themselves (and if you are purchasing nuclear reactor you are likely not an average purchaser)
What is covered by trademarks?
hologram, moving image, scent, traste, texture, colour, sounds, positioning of sign, Canada has few of many of these
Trade secrets
Trade secrets include any valuable business information that derives its value from secrecy
What are requirements to protect and benefit trade secrets?
- Obtain value from secret
- Keep info a secret
- Take all possible measures to ensure the business info is secret
What is identifiable intellectual property?
- technology
- brand name/logo
- Any works you are currently using (logo, slogal, website, text, pictures, pamphlets, computer programs_
Why is it important to protect IP?
- Adds value to business and Product/service
- Can obtain licensing agreement from competitors
- Prevent competitors from commercializing your technology/product
What is inventor and author in IP?
Inventor = person who created the invention
Author = person/people who helped write the copyright
What are the rules regarding ownership and assignment of copyrights created by employees?
- Owner is presumed to be the employer if work was made in the course of employment, unless there is an agreement stating the contrary
- Examples of the employer being the owner:
Computer code drafted by an employee programmer
Logo created by an employee
Pertain to works
What are the rules regarding ownership and assignment of Patents created by employees?
- Owner is presumed to be the employee unless:
There is a contract expressly stating otherwise; or
The employee was specifically hired to invent or innovate - Pertain to inventions
- Examples of employer being the owner:
New car braking system created by employee whose contract states that employer is the owner
Chemical compound created by an employee researcher specifically hired to create said compound (e.g. pain releaving med)