MGT 200 Lecture Notes - Lecture 6: Paris Convention For The Protection Of Industrial Property, Trips Agreement, Intangible Property
Document Summary
Intellectual property- any property resulting from intellectual, creative processes (product of mind) Trademark- distinctive mark that identifies manufacturer as source of goods, protects the product. Lanham act of 1946- protect businesses from rival companies that used similar trademarks. Federal trademark dilution act- can bring a suit in for trademark dilution. Protects famous trademarks (the apple) from unauthorized use even when the use is on noncompeting goods or is unlikely to confuse. Previously, only competing/related companies were not allowed to use trademark. Person has to file with the us patent office to register a trademark. Has to be currently in commerce (1) or intended to be put into commerce in 6 months (2) Trademark infringement- someone who does not own trademark copies it to a substantial degree. Infringed- used w/out authorization- proved by showing use created confusion (tort) Remedy- injunction to prevent further infringement pretty good payout. Arbitrary- common words normally not associated with the product.
