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Intangible assets quiz
Intellectual property case study
Intangible assets
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Intellectual Property Law Anything that can be owned can be viewed as property. It can be a tangible thing, such as a car, a home, or a piece of land; or it may be an intangible, artificial right created by social interaction or legislation, such as a right to receive money under a contract or the right to control the use in commerce of the trademark Gelatissimo. In all cases, whether tangible or intangible, property may be valuable and it may be transferred to others, whole or in part. For example, a home may be sold or leased for a period of time; and a trademark may be sold with a business or licensed to a franchisee. Intellectual property is an intangible type of property commonly thought of as the product of intellectual activity. Inventions, original works of art, know-how, magazine articles, books, computer programs, photographs, poems, movies, songs, theatrical performances, speeches, experimental results, sound recordings, and music scores are all examples of intellectual property. As such, they all are assets that may be valuable and worthy of protection. Intellectual property law is the body of laws that provide the conditions under which intellectual property may be protected and establish the rights of the owners. Thus, it is important to be able to identify what is intellectual property, on one hand, and how to protect it, on the other. Generally speaking, different areas of the law exist to protect different kinds of intellectual property, with some overlap in some cases. The laws related to patents, copyrights, trademarks, and trade-secret/secrecy-agreements are the vehicles available in our legal system for the protection of Intellectual property. Broadly speaking, these four distinct areas of the law apply to the following kinds of intellectual property: 1. patent law, for inventions and discoveries. 2. trademark and service-mark law, for names, logos, symbols and other items used to identify the source of products and services. 3. copyright law, for original artistic and literary works. 4. trade secret law, for proprietary ideas, inventions, and discoveries suitable for secrecy. Each area of the law is separate and in large part specific to one kind of intellectual property only. For example, patent law protects inventions, such as your calculator, but not works of art, such as an original pa... ... middle of paper ... ...ok alike as a result of their different designs, but yet may share certain functional features that distinguish them from other sofas in a commercially valuable way. For instance, they may share a novel mechanism to convert them into a bed. In such a case, a design patent could be used to protect the different look (the design) of each sofa; while the mechanism would have to be protected by obtaining a utility patent. So, if you wanted to incorporate the mechanism in a competing but different-looking sofa product, you would have to get a license from the owner of the utility patent covering the mechanism. If you wanted to make a copy of either sofa, you would also need a license from the owner of the corresponding design patent. Thus, it is clear that utility patents are much more valuable than design patents. In certain cases, though, where looks rather than functional features are just as important in the market place (furniture being one example), they provide another useful tool to protect products. We will discuss mostly utility patents, keeping in mind that similar rules regarding the process of obtaining and enforcing a patent apply to design and plant patents as well.
Most weddings are done in church. The newly wedded couple is supposed to hold on to their faithfulness in God. Praying and fasting are major activities that are recommended for the couples. Church, best maids and the altar are a symbol of holiness in marriage and that still applies in today’s life. Church weddings are upheld in the society and people take pride being associated with weddings.
It is often conceptualized that property is the rights of 'ownership'. In common law property is divided into real property, which is the interests in land and improvements there, and personal property, which are interests in anything other than real property. Personal property is divided into tangible property (such as a bike, car and clothse), and intangible property (such as bonds and stocks), which also includes intellectual property (copyrights, trademarks etc). The modern property rights conceive of possession and ownership as belonging to legal individuals, even if the individual is not a real person. Hence, governments, corporations and other collective forms of ownership are shown in terms of individual ownership.
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
Minister and Groom enter usually from stage right. If the Groomsmen are not escorting the Bridesmaids down the aisle to the altar, they also enter together with the Minister and Groom.
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).
Both wedding in Vietnam and in America have engagement and wedding ceremony in marriage arrangement. On the engagement ceremony, there are some people who invited to become witnesses for the coming marriage. The bride's father accompanies her on her walk down the aisle to show approval of the groom on the wedding ceremony. These are common thing, but, these ceremonies are quite dissimilar in detail.
The purpose of this paper is to compare and contrast between various wedding customs that are prevalent in different continents of the world. The essay sheds light on culturally diverse traditions that originate in different parts of the world. It is the wide variety or cultural conventions that give each nation or tribe a unique identity. Every culture has ...
In today’s society very few wedding traditions from the past are carried on in the ceremonies. Couples now are choosing the more traditional weddings and not knowing what all the old traditions and rituals stand for.
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)
There are 8 different types of (IP) Intellectual Property; they are patent, trademark, registered design, plant varieties protection, copyright, and layout-design of an integrated circuit, geographical indication and trade secret.
Intellectual property is the ownership of ideas as well as the control over the tangible or virtual representation of those ideas. Software is intellectual property, as are books, movies, and music.Like music performers and authors, software developers use copyright laws to protect their work and their investment in the field. The theft of intellectual property thus eliminates the resources used to develop newer and better products.
With the emergence and growth of the internet, intellectual property laws are much harder to enforce and many people are saying that they are outdated and obsolete. Intellectual property allows you to own your ideas, thoughts, and creativity as you would own a piece of tangible property. The human mind is a creative tool that comes up with ideas, designs, schemes, and inspirations of all kinds. Intellectual property views these ideas as being property. The ideas must also have commercial value and be a tradable commodity otherwise there would be no point to protect it. Intellectual property is basically the ownership of ideas. If one were to write a novel, for which the idea was conceived in there mind, they could copyright that novel so that no other person could steal that idea and write another novel on it. Copyright is a type of intellectual property. The main types of intellectual property are patents, trademarks, trade secrets, and copyrights. There are many issues arising about copyright and intellectual property due to the technological advances in the past ten years or so.
"We can manage everything from legal requirements, non-legal officiants, musicians, entertainers, bridal flowers, hair & makeup for the bride and her mother and bridal party or organising the photographer, videographer, staging, sound, lighting, catering and more... basically everything required to ensure a perfect day."
He usually arrives dressed in his wedding attire on the back of a horse, or sometimes on the back of an elephant. “The wedding altar (mandapa) is built the day of and the groom is welcomed by his future mother in law where his feet are then washed and he is offered milk and honey. His sister in law will attempt to steal his shoes and if she succeeds, the groom must pay her to get them back” (beau-coup.com). At the wedding venue the bride waits for the groom in a room covered in garland, when the groom arrives they exchange garland. After this, the brides family will welcome the grooms family to the wedding. Like Christian weddings, the father of the bride gives the bride away at the wedding, this is called a Kanyadaan. A priest will facilitate the marriage by reciting mantras or holy hymns, but the bride and groom marry each other. The bride and groom are considered married when the groom ties a thread that symbolizes his vow to care for the bride. He ties it in three knots that symbolizes the gods, Brahma, Vishnu and Masheshwara. The ceremony takes place around a fire and the god, Agni is considered the witness to the union. “The bride and the groom then circle the fire seven times, in a clockwise direction, called Saat Phere which signifies seven goals of married life which include religious and moral duties, prosperity, spiritual salvation and liberation, and sensual gratification” (Gullapalli
Patents claims focus of the mechanism, principles and components surrounding those ideas. Patents are the strongest of the law to protect the intellectual property. Patent law is based on a very strict liability standard, making a business owner’s strongest option for intellectual property protection. Patents often make use of reverse engineering. Through reverse engineering, they see if patented inventions are in used by another company. Patents have an expiration date; the design patent protect design, shape, configuration and appearance of any invention for 14 years, and utility patents that protect functional makeover and new invention last for 20