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Intellectual Property Assignment

In: Business and Management

Submitted By maxik
Words 320
Pages 2
Business Law 1
Robert Wills
Assignment 12

INTELLECTUAL PROPERTY ASSIGNMENT

1. DEFINE WHAT IS MEANT BY THE TERM COPYRIGHT. Copyright: The exclusive right of an author to publish, print, or sell a product of her intellect for a certain period of time.

2. UNDER CURRENT LAW, HOW IS A COPYRIGHT CREATED? Like patents and trademarks, copyrights can be registered – in the case of copyrights, with the U.S. Copyright Office, as opposed to the U.S. Patent and Trademark Office.

3. DEFINE WHAT IS MEANT BY THE TERM TRADEMARK. Trademark: A distinctive mark, motto, device, or emblem that a manufacturer stamps, prints, or otherwise affixes to the goods it produces so that they may be identified on the market and their origins made known.

4. UNDER CURRENT LAW, HOW IS A TRADEMARK CREATED? A trademark may be established either by:

(1) registering the mark with one or more states or with the U.S. Patent and Trademark Office pursuant to the Lanham Act, or

(2) prior use sufficient to warrant common law protection.

5. DEFINE WHAT IS MEANT BY THE TERM PATENT? Patent: A grant from the government giving an inventor the exclusive right or privilege to make, use, or sell his invention for a set period of time. 6. UNDER CURRENT LAW, HOW IS A PATENT CREATED? In order to obtain a patent, the inventor must convince the U.S. Patent and Trademark Office that the product, process, or design is genuine, novel, useful, and not obvious in light of current technology. 7. UNDER CURRENT LAW, HOW LONG DOES A PATENT EXIST? Utility patents last for 20 years from the date of filing of the application for the patent. Design patents last for 14 years from the date granted. 8. UNDER CURRENT LAW, HOW LONG DOES A COPYRIGHT EXIST? It varies by country but generally it is in effect for the life of the author plus 70 years.

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