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Protection intellectual property essay
Intellectual property case
Protection intellectual property essay
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QUESTION 1
1.1 Patent definition
• A patent is the registered, exclusive right of an inventor to make, use and sell his or her invention for a limited period provided that full disclosure of the invention is made.
• A patent may be granted for any new invention which involves an inventive step and which is capable of being used or applied in trade, industry or agriculture.
• There are two types of patent, namely: a utility patent and a design patent.
A utility patent
Protects the structure, composition or the function of an invention.
A utility patent lasts up to twenty (20) years from the earliest filing date.
It is more expensive and difficult to obtain.
According to the case study, a good example of a utility patent is “knocking on the door of hosiery
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2.3 Definition of Intellectual property
• Intellectual property is concerned with immaterial or incorporeal objects which come into existence through mental activity of a person but which, once created, have an independent existence, separate from and outside of the person who created them.
• Intellectual property law includes the legal rules which determine the nature and scope of a particular class of immaterial or incorporeal objects; what the requirements are for the creation or establishment of such projects; which person or persons will acquire and enjoy rights in respect of such objects; what the content of such rights will be; how and when such rights may be enforced, and how such rights will be terminated.
• Examples of mental products that may be protected as intellectual property include, books, technical reports, paintings, drawings, and sculptures, video and audio recordings, motion pictures, computer programs, inventions, industrial designs, trademarks, plant varieties, trade secrets and biological
(7) Hall B. Patents and Patent Policy -. 2007. The 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the 'Secondary' of the Morse H. SETTLEMENT OF INTELLECTUAL PROPERTY DISPUTES IN THE PHARMACEUTICAL AND MEDICAL DEVICE INDUSTRIES: ANTITRUST RULES. Allison JR, Lemley MA, Moore KA, Trunkey RD. Valuable patents. Geol.
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
a car, wallet, photograph, shirt, pen and phone and so on) (Roger, 2012). The intangible personal property, on the other hand, is personal property that by its very nature does not have a physical existence as such, but is merely a right that can be owned as opposed to a real, tangible objects (i.e. stocks and bonds) (Roger, 2012). Overall, the real, intellectual and personal property has the same rights under the law, but their circumstances are very different in
Patents patented technology can be a huge barrier preventing other firms from joining the market.
The system of patenting is done by law that was created by legislation. The patent act identifies rightly the right of a patentee (holder of the patent) and gives the guidance to when you experience infringement committed by somebody. Rights of a patentee as per law in the Patent Act There are some exclusive rights granted to a patentee in Section 42 of the Canada patent act. This gives the liberty to use the invention and make money from it for a certain period without any competition and restricting others to copy the formulae until the patent ends.
Adam Mossof, a professor of Law at George Mason University, constructs three fundamental arguments surrounding intellectual property. The three arguments being first that all property at root is intellectual, second that the protection of intellectual property rights resulted in the Industrial Revolution, and finally that the patent system allowed the United States to surpass many countries in GDP. To form these arguments, he begins by defining the various types of intellectual property such as patents, copyright, trademark, and trade secrets. Mossof argues the development of these protections encouraged innovators, especially those seeking to profit from their inventions, to continue designing new apparatuses. Then he provides the legal, Roman
Intellectual property is property resulting from intellectual, creative processes. A product that was created because of someone’s individual thought process. Examples includes books, designs, music, art work, and computer files. (Miller R. J., 2011, p. 114) In the music industry a copyright is an important tool for artist to use to protect themselves from infringers. A copyright is the exclusive right of an author or originator of a literary or artistic production to publish, print, or sell that production for a statutory period of time. A copyright has the same monopolistic nature as a patent or trademark, but it differs in that it applies exclusively to works of art, literature, and other works of authorship (including computer programs). (Miller R. J., 2011, p. 125)
The Law of Comparative Advantage was introduced by David Ricardo in 1817 in his book ‘Principles of Political Economy and Taxation’. According to this classical theory, a comparative advantage exists for a country when it has a margin of superiority in the production of a certain commodity over others. Comparative advantage results from differing endowments in the factors of production like technology, natural endowments, climate, etc. among different countries. Therefore, each country exports the commodities which it can produce at a lower opportunity cost or, in other words, lower marginal cost of production and imports the rest. This would ultimately be beneficial for all countries engaging in free trade as each would gain through its specialization
The fundamental idea of patents is that it is an agreement between inventors and society. The inventor is encouraged to keep inventing to benefit society and as a return the government grants the inventor with a monopoly over its sale. Patents were written about when the Constitution was framed. The Founding Fathers believed they should “Promote the progress of Science and Useful Arts, [by] securing for limited times the exclusive rights to their [invention].” (Constitution Article I, Section 8, Clause 8) This one clause was originally meant to give an inventor a limited monopoly so that they can make profit, while also the society will benefit from the disclosure of the information about the invention and can build...
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.
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.
The Patents Act 1990 establishes the basis of the patent system in Australia. Like other patent systems around the world, the grant of a patent is reliant on an alleged invention satisfying, among others, the criteria of novelty and non-obviousness.
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.
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.