What is Intellectual Property? Intellectual property (IP) refers to creations of the mind‚ such as inventions; literary and artistic works; designs; and symbols‚ names and images used in commerce. IP is protected in law by‚ for example‚ patents‚ copyright and trademarks‚ which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest‚ the IP system aims to foster an environment
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The World Intellectual Property Organisation (WIPO) is a huge organisation‚ with a vast number of areas that could be discussed in this essay. Though there are numerous definitions of what the World Intellectual Property Organisation is‚ I will give a description of how I see the organisation. There is an immense history behind the establishment we see today‚ I will give an enlightenment of how this history took place. I will also discuss the aims and purpose WIPO and how it plays its part in the
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Intellectual Property Kiara Rubenstein Intellectual Property (IP) is legal rights that result from intellectual activity in the industrial‚ scientific‚ literary‚ and artistic fields. The four major components of intellectual property include; patent‚ copyright‚ industrial design‚ and trademark. A patent is a government grant giving the right to eliminate others from making‚ using or selling an invention. A Canadian patent is protection within Canada for 20 years from the date of filing of the
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Intellectual property is the property generated in the process of intellectual activities. It can be possessed and used‚ and generated benefits. The major components of intellectual property include copyrights‚ patents‚ and trademarks. Similar to tangible property‚ intellectual property which is an intangible property is also protected by the law. The governments and parliaments have given the creators the rights as an incentive to produce ideas that will benefit society as a whole‚ by preventing
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What is INTELLECTUAL PROPERTY? Intellectual property (IP) is a legal concept which refers to creations of the mind for which exclusive rights are recognized. Under intellectual property law‚ owners are granted certain exclusive rights to a variety of intangible assets‚ such as musical‚ literary‚ and artistic works; discoveries and inventions; and words‚ phrases‚ symbols‚ and designs. Common types of intellectual property rights include copyright‚ trademarks‚ patents‚ industrial design rights‚ trade
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1. Intellectual property refers to the legal section of an idea. It allows businesses and the owners‚ innovators and creators to have their work protected and to prevent it from being copied. There are different ways you can protect your intellectual property: copyright‚ trademarks and patents. 2. It is important to protect your rights to intellectual property as it stops people from stealing or copying the names of your products or brands; your inventions; the design or look of your products; things
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Although Intellectual property can be catorigized under many aspects‚ not every idea the mind can think is included. The legal definition of intellectual property often abbreviated IP is ideas‚ inventions‚ artistic works‚ songs‚ business processes etc. In general terms is any commercialily viable product created out of a persons mental processes. The Coca Cola company for example has legal ownership of several factories‚ bottling equipment‚ trucks for transporting their product and the actual ingredient
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Chapter 3 Exercise / Problems: #1 p. 113 1. [Business Organization and Intellectual Property] Phil Young‚ founder of the Pedal Pushers Company‚ has developed several prototypes of a pedal replacement for children’s bicycles. The Pedal Pusher will replace existing bicycle pedals with an easy-release stirrup to help smaller children hold their feet on the pedals. The Pedal Pusher will glow in the dark and will provide a musical sound as the bicycle is pedaled. Phil plans to purchase materials for
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Time does fly so fast that today’s innovation is inclusive. With these innovations‚ some creates originally and some just imitates these originals. And with the intellectual property law‚ owners are granted certain exclusive rights to a variety of intangible assets. As a student of Information Technology with Specialization in Digital Arts‚ I program a website and create a digital art. We create new concept in websites‚ illustrations‚ and movies which makes us the owner of these assets that we need
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Intellectual Property – One of the most valuable and neglected property of yours! OR You might be neglecting one of your most valuable properties! OR One of the most valuable properties of yours! If you ask someone walking down the street and ask him “What is a property?” Brand is a name‚ design‚ symbol‚ or any other feature that identifies one seller’s good or service as distinct from those of other sellers. What is a brand? * Brand is a name‚ design‚ symbol‚ or any other feature
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