BCOR 1015 Chapter Notes - Chapter 1 Intellectual Property: Physical Property

• School: CU-Boulder
• Department: Business Core
• Course: BCOR 1015
• Professor: Scott Gwozdz

Document Summary

Intellectual property= unique techniques, products, trademarks, brands, and packaging. Government offers many protections to inventors through patents and copyright legislation. Trade secrets= innovations that a firm or an individual possess that they cannot or choose not to patent, they are protected by legislation. 1 patents= can be granted for any new production. Inventors must prove it is their idea either with conception or reduction of practice. Conception= is the proof that the inventor came up with the idea. Good notes in a notebook are good proof of conception. Reduction of practice is proven with a working prototype. 2 trademarks= can either be a word phrase design or symbol. Trademarks give ownership so that other firms cannot use your idea. 4 trade secrets= an intellectual property that gives owners a competitive advantage over their competition. Confidentiality policies are key to the protection of intellectual property. They clearly define the rights of the employees and the employers and are legally binding.