Intellectual Property Rights

IPRs define the rights and privileges attached to ownership of intellectual property. Such rights allow owners to exercise a temporary monopoly over the use of their creations; They have exclusive rights, for a limited time, to decide who may use a product or work and under what conditions. Such rights define ownership and specify the degree to which inventors and creators may profit from their work, the access others may have to the works themselves or to information about them, and how others may use or improve upon existing works.

IPRs involve issues of wealth distribution, incentives for innovation and creativity, access to information, and basic human rights. Ethical issues attach to questions of what should be publicly or privately owned, how ownership is established, how much and how long the owner can control the property, and whether public policy should create exceptions to intellectual property rules to serve social … Read More

What is Intellectual Property Law?

Intellectual property very broadly indicates the legal rights which consequence from intellectual activity in the industrial, scientific, literary and artistic fields. Countries have laws to guard intellectual property for two main reasons. One is to provide statutory expression to the moral and economic rights of creators in their creations in addition to the rights of the public in access to those creations. The second is to encourage, as a deliberate act of Government policy, creativity as well as the dissemination and application of its results and to support fair trading which would contribute to economic in addition to social development.

Generally intellectual property law endeavors at safeguarding creators and other producers of intellectual goods and services by granting them assured time-limited rights to control the use made of those productions. Those rights do not affect to the physical object in which the creation may be embodied but instead to the … Read More

Protecting Intellectual Property: The Four Approaches

Our society is becoming one based more and more on information. Because of this, the ability to protect and profit from original intellectual property becomes more and more important to involved professionals: writers, photographers, software engineers, inventors, and cottage industries.

If you’ve got intellectual property (IP) you want to protect, you might be wondering exactly how to do it. There are four main ways to protect intellectual property: trademarks, patents, copyrights, and trade secrets. Read on to learn which IP protection would work best for you.

Trademarks: A trademark is a mark that distinguishes one business from another, such as a name, phrase, logo, symbol, image, or a combination of any of these elements. A trademark can also include a jingle or sound. Trademarks have recently come to include a variety of digital and electronic images.

Patents: Patents are intellectual property rights that protect an invention. Inventions must be … Read More

Some Helpful Ways to Protect Your Intellectual Property

There are times when you suddenly think of a creative idea that you think can be very useful. You don’t know if such idea will be your key to starting a business venture. But you know that the idea you have in mind is so innovative and so revolutionary that you want to make sure nobody steals it from you. However, how can it be stolen from you if nobody knows it’s there to begin with? This is where intellectual property comes in.

Intellectual Property or IP is a legal concept about things our mind create for which there exclusive rights. The term ‘intellectual’ can refer to intangible assets like musical and artistic works, inventions, and even words and symbols. Although discovering a new idea can be very exciting, they are only of value if you can protect them as your own. Here are tips to make sure the product … Read More

What Are the Most Common Forms of Intellectual Property?

Intellectual property (IP) refers to innovations of the mind, such as inventions, scholarly and creative works, patterns and marks, names and likenesses used in trade and business. All IP is protected by the various laws in existence locally, regionally nationally, and internationally. Laws exist for patents, trademarks, copyright, service marks, trade secrets and more.

What is a Patent?

A patent is an absolute right granted for an invention, which is a product or a method that provides, in general, a new way of doing something, or proposes a new specialized solution to a problem. To obtain a patent, methodological information about the invention must be revealed to the public in a patent application. The process for obtaining a patent is complex. If you are interested in obtaining a patent, you should first visit this website: The US Patent and Trademark Office. Once you have begun to understand this process and … Read More

Protect Your Intellectual Property

Suppose you decide to do what I recently did and contact the managing partner of a consulting firm and propose that the two entities agree to explore the possibility of forming a business alliance that just might become very profitable? Business is all about deal-making and every once in a while a Solopreneur has to pitch a good proposal to the right prospect. After all, nothing ventured, nothing gained.

But there is risk involved, usually for the smaller entity. Solopreneurs typically offer intangible services, better known as intellectual property. We trade on our expertise and judgment, our brand and reputation, that which distinguishes us from the pack and allows us to make a living.

Engaging in a business alliance or joint venture usually involves the sharing of intellectual property by one or all of the parties (in this case, it would be me). How can you protect yourself from unscrupulous … Read More

Intellectual Property Law: What It Is

Many people have heard, read, spoken, written, or signed documents with the phrase "intellectual property". But do they always know what intellectual property, or IP, entails? When beginning with a new employer, there is often a confidentiality clause or document that includes an IP reference, usually to the effect that any creations of the mind resulting from employment or at employment are the property of the employer. Most sign these documents and aren't always sure what they are agreeing to.

Intellectual property law covers a wide spread of legal territory, from trademark and copyright, to inventions, to design, to creative aspects such as writing, music and art. The practice of IP law may be protecting those who are the creators of new ideas or designs or may defend the company with the IP clause in the contract. For example, an intellectual property attorney may help an inventor or entrepreneur file … Read More

Intellectual Property for Beginners

Switching so many hats at home and work to get it all done puts Catholic biz moms at risk of overlooking important, non-urgent tasks.

Managing your intellectual property (IP) easily tops the list of ignored activities.

Understanding intellectual property basics now could save you a lot of money and heartbreak in the future.

So what is IP? Guy McClung, patent and copyright lawyer, defines intellectual property as "non-real, non-dirt, non-physical intangible personal property resulting from mental processes".

Atty McClung distinguishes the four types of intellectual property:

  • Trademarks – a symbol or logo that identifies your company (trade names, trade dress)
  • Trade Secrets – anything of value to your company that you wouldn't give to somebody for free. These include the people you include to buy supplies, customer list-anything of value like a device or process, a compilation of information
  • Copyrights – apply to works of authorship (paintings, artworks, reports, brochures,
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Why You Need An Intellectual Property Lawyer On Your Side

These days, most companies will have some sort of intangible (meaning that it can be seen but not touched) asset that they have claimed ownership of, such as a trademark, patent or copyright. As with any other asset that you own, they need to be properly managed and cared for to ensure that your rights have not been encroached upon. To help you do this, you require the assistance of an intellectual property lawyer.

Protection

This is the number one reason why many companies look at getting legal representation. As intellectual property is not a physical object that you can touch and feel, it is very easy for thieves to copy it and claim it as their own. A lawyer will be able to keep an eye on your property, making sure it isn't being used without your authorization.

Profit

Many companies are unaware that they can actually make money … Read More

Intellectual Property Issues Within the Supply Chain

Intellectual Property Rights (IPR) are of the utmost importance in today’s capital markets. Not only do they provide protection for innovations which have been developed, but they now offer revenue generating opportunities for proactive companies looking to license or sell their products into new markets.

Unfortunately, there is an oft overlooked aspect of IPR. This is the impact to a company’s supply chain. Specifically what happens if a third party hits you with an infringement claim for technology which is in a vendor supplied component? Or what happens if a vendor goes out of business or decides to get out of a line of business which manufactures a key part for your product? Will your business be hamstrung by someone else’s decision?

Let’s examine how to mitigate the risks associated with those scenarios so that you can keep selling your products.

Build to Spec vs. Build to Print

First some … Read More