Management and Organizational Studies 2275A/B Chapter Notes - Chapter 18: Canadian Intellectual Property Office, Industrial Design, Patent Attorney

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Intellectual property describes ideas or ways of expressing ideas. Common examples: recipes and formulas for making products, methods of extracting minerals, advertising jingles, a distinctive name given to a product or service. The term intellectual property is also used to describe the bundle of rights that people have regarding their ideas or the ways in which they are expressed. The main categories of intellectual property laws are patents, trademarks, copyrights, industrial designs, and confidential (business) information. Businesses can gain a competitive advantage by developing new products, innovative business methods, and creative brand names. Patent a monopoly to make, use, or sell an invention. Includes inventions such as : processes or methods. Example a method of cleaning carpets: machines or apparatuses. Example a vacuum cleaner: products or compositions of matter. Things that receive exclusive protection under other areas of the law. Example computer programs are not patentable, as they receive protection under copyright law.

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