Intellectual Property Flashcards
4 types of intellectual property
Patents
Copyright
Trade mark
Design right
What is a patent ( x2 )
How long does it last
Monopoly right for inventions
Can be bought, sold, hired or licensed
20 years
An invention is patentable if ( x3 )
New and previously undisclosed
Distinguished by an inventive step
Capable of industrial application (can be made)
2 examples of components that are patentable
Canon camera (EOS) Air Jordan's (air)
Definition of copyright ( x3 )
How long does it last
Protects original artistic works
Arises automatically
Can be bought, sold or hired
70 years after death of author
What can have a trademark ( x3 )
How long does it last
Any sign which can be represented graphically
Any sign which distinguishes services
Includes words, names, designs, letters, logos, packaging
10 years, can be renewed for 10 years indefinitely
Example of trademarks
Starbucks
Macy’s
Coca-Cola
Examples of copyright
Ed Sheeran (songs)
Wicked
Harry Potter
Definition of design right ( 4 )
How long does it last
Form of protection for shape or configuration of products
Not a monopoly but a right to prevent copying
Weaker but automatic
Can be bought, sold, hired or licensed
Lasts for 10 years
2 types of registered design
Registered design
Design right
Definition of registered design ( 4 )
How long does it last
Monopoly right for outward appearance
Protects aesthetic, not function
Stronger but requires registration
May be bought, sold, hired or licensed
Lasts initially for 5 years, can be extended to max. 25 years
Why is IP used ( x4 )
Stops copies
Retain market advantage
Stop negative advertising by lesser/inferior products
Keep consumer trust in products
What is Intellectual Property
Gives legal recognition to the ownership of new ideas or brand names to stop other people exploiting their property
