Lesson 1 Flashcards
What is intellectual property (IP)?
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.
What role does intellectual property play in innovation?
Intellectual property makes innovation possible by recognizing and rewarding innovations.
How does intellectual property ensure quality?
Intellectual property ensures quality by making our lives more productive, fun, and sustainable.
provides consumers with confidence in the quality of a product
How does intellectual property support the economy?
Intellectual property supports the economy by promoting industry, jobs, and innovation.
What is the duration of a patent?
A patent lasts for 20 years from the filing date.
What is the duration of a utility model?
A utility model lasts for 7 years from the filing date.
What is the duration of a trademark?
A trademark lasts for 10 years from the filing date.
What is the duration of copyright?
Copyright lasts for the lifetime of the creator plus 50 years after their death.
What is the duration of industrial design protection?
Industrial design protection lasts for 5 years, renewable for not more than 2 consecutive 5-year terms for a total of 15 years.
What is the duration of graphical indication protection?
Graphical indication protection lasts for 10 years.
What is the duration of layout design of integrated circuits?
The layout design of integrated circuits lasts for 10 years.
What is the duration of trade secret protection?
Trade secret protection lasts as long as it remains secret.
What are intellectual property rights?
Intellectual property rights are rights given to persons over the creations of their minds.
What is the defensive benefit of intellectual property?
The defensive benefit of intellectual property is protecting yourself from infringement and objecting when your work is distorted.
What is the offensive benefit of intellectual property?
The offensive benefit of intellectual property includes selling the intellectual property while retaining moral rights and licensing it for use by others while retaining ownership.
It is the rights given to
persons over the creations of their minds. They
usually give the creator an exclusive right over the
use of his/her creation for a certain period of time
Intellectual property rights
Intellectual property is not just for big companies, it is for all of us.
IP is for everyone
As long as it remains a secret.
Trade secret
Protecting yourself from infringement, Objecting when your work is distorted.
Defensive
Selling the IP and retaining the moral right, licensing the IP for use by others but retaining the ownership.
Offensive
It is a legal term used to describe the right that creators have over their literary and artistic works.
Copyright
Two type of right under copyright
•Economic rights
•Moral right
It is the right to claim authorship of a work.
Moral right
It is a right that allows owners to derive financial rewards from the used of their work by others
Economic right