GB110 Chapter Notes - Chapter 8: National Honor Society, Lanham Act, Patent Infringement

• School: Bentley University
• Department: Information and Process Management/General Business Courses
• Course: GB110
• Professor: Alexander

Document Summary

Intellectual property and the innovative and creative activities it protects are central to the modern information economy. It should be clear that the protection of intellectual property is of great concern in the modern world: types of intellectual property. Intellectual property rights (ipr) are often misunderstood to confer the affirmative right to use a patented invention, copyrighted work, trademark, or trade secret. In the case of patents and copy rights, negative rights become most evident when later patented inventions or copyrighted works build upon earlier inventions or works. Intellectual property: a strange sort of "property: although the term intellectual property accurately implies similarity with other forms of property, including the right to exclude, it is unlike ordinary property in number of ways. First, some ip is limited in duration: patents expire 20 years from the date the patent application was filed, after which anyone can use the patented information without compensation or even notification to the former patent holder.