Intellectual Property (IP) Rights (IPR) is adequately secured in Singapore. The common refrain from shareholder to shareholder is due to the respect and the protection towards IP; hence intellectual property can be easily located in Singapore. An investor has to adhere to several generic principles in order to have an adequate management of intellectual property rights in Singapore. Firstly, it is vital to have an overall strategy to protect it. Secondly, intellectual property rights are secured differently in Singapore than in the United States. Thirdly, an investor has to register and enforced intellectual property rights for the companies under local laws in Singapore. Companies may wish to seek advice from local attorneys or IP consultants to understand more about IPR, along with the importance of protecting and having one. The U.S. Commercial Service can provide a list of local lawyers upon request.
It is crucial for companies to understand that intellectual property is basically a private right for private individuals in Singapore and hence, the US government generally cannot enforce rights to each one of them. It is each shareholder’s responsibility to register, secure, and prosecute their rights towards their intellectual property, and where relevant, owning their own counsel and advisors. While the U.S. government is prone to assist, there are insufficient benefits if the rights holders have not taken the fundamental steps necessary to securing and enforcing their IPR in a timely fashion. Furthermore, in many countries, shareholders who hinder enforcing their rights and mistook the fact that the USG can provide a political resolution to a legal problem may find their rights could have been corroded or invalidated due to ...
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...company called Colin Ng & Partners, commented that the Court of Appeal (CA) comply with the High Court that the ‘Nutello’ sign and ‘Nutella’ word mark were perceivably and decently similar but did not comprehend that both the sign and the word mark were concretively similar.
Responses from Beverly WEE, since ‘Nutella’ and ‘Nutello’ are made-up words, and without the meaning and hidden ideas; it would be hard, if not impractical to determine a concept common to the two. The CA also commented that the particularity of the registered trademark is a factor to be considered when analyzing the three aspects of similarities; which are visual, aural and conceptual.
And given the significant degree of inherent discreteness that the ‘Nutella’ word mark possessed as an invented word, the mere alteration of the last letter would not lend support to a finding of dissimilarity.
According to our textbook, “Real property constitutes land and all things permanently attached to it (i.e. a house, a tree or coal below land). Intellectual property such as copyrights, patents and trademarks is personally owned but generally treated as a separate form of property by the law. Personal property is characterized by its portable nature; it can be carried from place to place (i.e. tangible personal property or intangible personal property)” (Roger, 2012).
Brand recognition: NutraSweet invested heavily in building their U.S. brand with the introduction of a “branded ingredient” campaign, which required an extensive advertising investment ($30M annually) and resulted in 98% brand recognition.
Intellectual property is an incredibly complicated facet of the law. In the United States, we have many laws in place to control and limit profiting from others intellectual property. The issue is not only profiting from others intellectual property, but not purchasing the property from the originator as well. We will discuss why it is important to protect this property as well as why it is tremendously difficult to regulate all these safe guards. “Intellectual Property has the shelf life of a banana.” Bill Gates
When Tim Berners-Lee created the Internet as a non-proprietor, not-for-profit information conduit, he could not have predicted how controversial digitized intellectual property would become. Prior to the Internet, intellectual property was a fairly straightforward issue. It was protected with copyright, trademark, and patent legislations, which granted exclusive rights to owners. Violations were not as abundant because distribution was constrained by time and space. Moreover, violators were identifiable because anonymity was difficult to achieve. In today's "global village" however, digital information such as books, music, software and art can be instantly shared between two anonymous users, without any fee to the creator. Legislation is much more difficult to enforce.
o Things can only have “right names” only if there is a necessary connection between symbols and things being symbolized.
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
“Copyright is a fundamental right of ownership and protection common to all of the arts” (O’Hara & Beard, 2006, p. 8). “It is a form of intellectual Property (IP)” and it gives the owner exclusive rights to the copyright (O’Hara & Beard, 2006, p. 11).
With a population of 1.357 billion (2013)3, China is the most populated country in the world. Along with the huge population comes a market that is unmatched by any other country of the world. Both domestic companies and foreign companies want to tap into this large market that just recently embraced capitalism and entered into the World Trade Organization.
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, a word, a symbol, or device or any combination thereof, adopted and used by a manufacturer or merchant to identify his goods and distinguish them from those manufactured and sold by others. (Miaoulis 1978)
Intellectual property (IP) is defined as property that is developed through an intellectual and creative processes. Intellectual property falls under the category of property known as intangible rights, which includes patents (inventions of processes, machines, manufactures, and compositions of matter), copyrights (original artistic and literary works of), trademarks (commercial symbols), and trade secrets ((product formulas, patterns, designs). Intellectual property rights has a significant value to both individuals and businesses, providing in the case of large companies, over one half of their value on return. Since intellectual property rights are so important to the U.S. economy and its citizens, federal and state law provides protection, for example, civil damages and criminal penalties to be assessed against infringers. Due to the importance of intellectual property to a business, I don’t think that its protection and enforcement is going to be a thing of the past.
Janus Corporate Solutions. (2011) Introduction to Singapore’s economy. Guide me Singapore. Retrieved April 4, 2011 from http://www.guidemesingapore.com/relocation/introduction/singapores-economy
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.
Patent protection in Malaysia is governed by the Patents Act 1983, and is obtainable by either or filing a direct national application or entering the national phase of a Patent Cooperation Treaty (PCT) application. There are two patent classifications that an applicant can choose upon application, the standard patent or design patent and the utility patent.
Intellectual property laws, principles and best practices can vary tremendously from nation to nation and are subject to almost constant change, particularly in the rapidly developing Asian market. In order to be distinctive and successful, therefore, it’s imperative that the company’s strategy has been specifically tailored to the Asian market based on environmental analysis.
Intellectual property is information, original ideas and expressions of the persons mind that have profitable value and are protected under copyright, patent, service mark, trademark/trade secret regulation from replication, violation, and dilution. Intellectual property includes brand items, formulas, inventions, data, designs and the work of artists. It is one of the most tradable properties in the technology market.