Patent And Trade Secret Protection

sufficiently so as to allow the company to utilize them to the full. Several protection mechanisms, e.g. patent, trade secrets, publication, etc., have been discussed and considered by top management of the LEGO Group. The present paper aims at identifying pros and cons of each of the protection mechanisms and recommending the most suitable methods for the LEGO Group and at the same time enable it to enjoy its freedom to operate. Protection Need

Improving Chinese Foreign Trade Relations: Intellectual Property Enforcement Context I. Introduction American businesses are losing up to an estimated $60 billion each year in the global market from intellectual property violations. The problem continues to grow as more American companies invest overseas, and more products consist of intangible or intellectual property. American companies face more than just economic challenges: if losses of intellectual property rights continue to go unchecked

United States copyright law recognizes that certain portions of software are protected by copyright law. Like other items protected by copyright law, copyright protection attaches to software as soon as it is "fixed in a tangible medium"--for instance, when written to a disk.Copyright law requires a work to be presented in a "fixed, tangible medium." When computer software first appeared, courts saw it as intangible and labeled it a "utilitarian good" that arose from the running of source code on

Australian Patent Procedure Patenting a product will take a lot of time, effort and resources but by patenting your invention, it will give you long-term protection and control over your invention and would be able to gain beneficial economic value in return as well as monopolize your invention on the selected market. Standard patent will protect your invention up to 20 years from the date you complete your application. Provisional Before you can commercialize your product there will be certain

competitive advantage and attracts the attention of other business partners and investors (Lee, 2016). With such importance, it is necessary for the law to protect these ideas from being used by unauthorized individuals. To shield from this, trade secrets, patents, and copyrights are used to protect the ownership of intellectual property (Legal Information Institute). A copyright gives the originator of literary, artistic, or music works the right to perform, publish, record, or print them. This can

World Trade Organization in Protecting Intellectual Property Rights Authors 1. Satyendra Narayan Singh Assistant Professor GNIT, Greater Noida. Mob. 9654151872 2. Alok Mohan Assistant Professor, RBMI, Greater Noida. Mob. 9717047774 Abstract Now a days protection of Intellectual Property Rights has become a very essential aspect for every country because so many Intellectual Properties are of national interest. Copyright, patents, trademarks

Patents Patents are government-granted, temporary rights to exclude, awarded in return for an individual’s disclosure of a new useful invention. Patents are granted by the USPTO and last for nonrenewable term of 20 years (Ferrera et al, 2012). Patents grant exclusive rights to exclude others from engaging in making, using, selling of patent products (O 'reilly, 2007). Online businesses must be aware of other’s patent rights even if they do not copy other companies’ business methods or technologies

analyzes the complex effects of patent protection when innovation is cumulative. Rather than analyzing situations in which several firms vie to develop the same innovation-the approach of the "patent race" literature-her analysis examines circumstances in which only one firm can develop an initial innovation but others can also build upon it. She focuses on how the incentive to develop both the initial and subsequent inventions may be affected by the scope of patent protection. Janusz Ordover considers

his trade secrets, creations, and technologies were kept safe from his competitors. The amount of effort put into protecting his secrets was incredibly overworked. The challenges Willy Wonka faced in protecting his secrets are literary example of the real world obstacles inventors face with their creations. In today’s technological

Intellectual property Intellectual property refers to the nonphysical property that is legally protected and owned. Intellectual property includes properties such as copyright, trade secret, patent, or even ideas. Intellectual property is called so as it is the creation of human intellect. The right enjoyed by creators over an intellectual property is called the intellectual property right. Among others, following intellectual properties can be used to protect the business or ideas from competitors