Management and Organizational Studies 2275A/B Chapter Notes - Chapter 18: Sole Proprietorship, Industrial Design Right, Trademark Infringement

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Intellectual property: describes the results of the creative process (ideas, etc) Can register and obtain property over patent, copyright, trademark, industrial design etc. Patents protect inventions, cannot patent an idea. Protecting electronic products might qualify for a patent protection. Patent: a monopoly to make, use or sell an invention. Given monopoly for 20 years if file for patent and after that it becomes public domain. Requirements for patentability: (granted for an invention that is new, useful an unobvious) New: hasn"t been disclosed to public more than 1 year prior, can"t patent something that have been sold or used publicly. Useful: must solve some practical problem, and have industrial value, can"t patent art, or something purely esthetic. Unobvious: there must be some originality or inventive step involved in the invention, can"t patent a change that would be obvious to someone skilled in that field.

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