LAW 723 Study Guide - Quiz Guide: Common Law, World Intellectual Property Organization, Substantive Law

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In exchange, you must provide a full description of the invention so that all canadians can benefit from this advance in technology and knowledge. People may then read about your invention, though they cannot make, use or sell it without your permission. You can also use your patent to make a profit by selling it, licensing it or using it as an asset to negotiate funding. The rights given by a canadian patent extend throughout canada, but not to other countries. You must apply for patent rights in other countries separately. Likewise, foreign patents do not protect an invention in canada. People occasionally confuse patents with trademarks, copyrights, industrial designs and integrated circuit topographies. Like patents, these others are rights granted for intellectual creativity and are forms of ip. You may be tempted to protect your creation by simply keeping its information secret and selling the creation.