BUS 200 Lecture Notes - Lecture 10: Making Money, Patent Cooperation Treaty, World Intellectual Property Organization
Document Summary
Intellectual property protection to encourage people to continue to innovate. More money, more taxes, more jobs, more security. How modern in the sense of their ability to keep up with the times, the available funding, laws and regulations related to patents (read the fine print), lack of resources and knowledge, level of education. Type of government or economy (freedom to invent and create or are citizens restricted) Better education and education for everyone more accessible. Invest in schools such as better technology and paying teachers better. If something happens at one location then it can affect everything else. Margins keep reducing, giving customers best option. Patent= type of intellectual property which gives its owner exclusive right to license others to use it (time limited) What is the patent cooperation treaty (pct) procedure? (p. 347) Contract: an agreement between two countries, one barrier in this is language.
