AFM231 Lecture Notes - Lecture 20: Public Notice

• School: University of Waterloo
• Department: Accounting & Financial Management
• Course: AFM231
• Professor: Darren Charters

Document Summary

Chapter 20: providing legal protection for inventions, everything is driven by legislation when it comes to patents. In order to get patent protection (register) you need to satisfy these three requirements: Invention must have some practical/use or function: fifth leg to stool balance / stability. Ingenuity: patent how long is it good for = 20 yr window to make money off this patent, lots of things you patent could be treated as trade secrets instead of patent. Trade secrets done expire: patents are expensive (>20,00, patent pros, protect core technologies, enhance r&d and banding, patent drawbacks, high cost with limited enforcement success, ex. Blackberry/rim settled lawsuit sued by company in us for mobile push to email. If patent is well drafted people can still do things differently but the patent is still protected. Copyright: prote(cid:272)ts (cid:862)(cid:449)orks(cid:863) (legislati(cid:448)e term, a work is defined by specific understandable things deemed to be works in the legislation.