Gore-Tex Case Study 1) Explain what happened to the Gore-Tex brand after the patent expired. What activity can firms use to try to maintain any advantage developed during the patent protection phase? When a patent expires‚ generally around 20 years after the original filing; the inventor no longer has the exclusive rights to his or her invention thereby opening up the said patent to everyone to use. At this point other companies can offer comparative products at reduced prices. Gore-Tex was
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Necessity is the mother of invention The meaning of the proverb is self-evident. We invent what we need; unless we feel the pressure of needs‚ we are not likely to invent anything. The fable of the thirsty crow which collected pebbles and threw them into the jar to raise the level of water to the bird’s reach of lips is well-known. Mere necessity would not help us much if we are not moved by thought. Animals have their needs but because they lack the power of thinking and ingenuity‚ they cannot
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Patents Act‚ 1970 Patents Act‚ 1970 is designed to protect inventions in respect of manufacture‚ machine or process of manufacture. On the other hand‚ the Copyright Act‚ 1957 is to protect rights of artists‚ authors‚ producers of films‚ computer software owners etc. Patent is an exclusive rights granted to the patent holder‚ for a limited period‚ as a reward for creative work based on his private initiative. ‘Creativity’ is accorded the status of ‘property’ which can be bought‚ sold‚ licensed or
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=============================================================== MEMORANDUM Date: To: XYZ Research Co. From: Subject: Accounting Treatment for Patents XYZ Research Co‚ (XYZ) came to our firm‚ requesting clarification on the accounting treatment for patents the company purchased. 1. FACTS The company possesses many patents and has historically expensed all of the costs associated with obtaining their patents. The company is unsure if any or all of its patent costs can
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Singapore Patents Act * Rule against double-patenting – S14(3) * Disclosures to be disregarded – S14(4) * Transactions in Patents – S41 * Inventorship and Ownership - S2‚ S19‚ S20‚ S24 * Co-ownership - S46 * Anti-competitive practices‚ tie-in provision S51‚ tie-up S52 * License of Right – S53 * Compulsory licence – S55 * Government rights to use – S56 * Scope of government rights – S60 * Exhaustion of right – S66(2)(g) * Prior Honest User Rights – S71 * Exclusive license – S74 * Effect
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ENT 387-Test 2-Chapters 9 & 10 TRUE OR FALSE: INDICATE T FOR TRUE OR F FOR FALSE IN THE FOLLOWING: 1.In the marketing shift from the 4Ps to the 4Cs‚ price shifts to choice and promotion shifts to communities. TRUE 2.Marketing research involves the gathering of information about a particular market‚ followed by analysis of the information. TRUE 3.The first step in marketing research is to gather primary data. FALSE 4.Marketing information that has already been compiled is known as secondary
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E-commerce and Aspects of Intellectual property Law/ 421 March 12‚ 2013 E-commerce and Aspects of Intellectual property Nowadays‚ e-commerce is a type of business which is utilized all around the world. It is crucial to be familiar with certain legal intellectual property rules and regulations. These rules include: privacy‚ ethics and security. The article “Management of Intellectual property rights” by Josephine Chinyang Lang reviews the growing global trends in intellectual
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4. Michigan State University vs The Assistant Controller [Intellectual Property Appellate Board] Facts: The original patent titled ‘transgenic plants producing polyhydroxyalkanoates’ with a patent application no. being 661/Del/92. The patent was granted and provided with the no.178865. Later on‚ the Patents office objected due to plurality of distinct inventions and a divisional application was filed u/s 16 of the patents act in 1996 [1699/Del/96]. Another divisional application was filed in 1996
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1.Explain what happened to the Gore-Tex brand after the patent expired When the patent expires the inventor has no longer exclusive rights to her or hers invention opening it up to everyone. At this point other companies can offer competitive products at reduced prices. It seems that Gore-Tex was smart enough to take advantage of their own patent and expand the product line to include other products using the same technology. 2.What activity can firms use to try to maintain any advantage developed
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FROM INVENTOR TO ENTREPRENEUR: OPTIMISIM VERSUS REALITY © Phil Thompson – Business Lawyer‚ Corporate Counsel – www.thompsonlaw.ca To many people‚ the definition of an entrepreneur is inventor who goes from the workbench to the marketplace to a major stock exchange. However the rag to riches scenario is an exception to the rule. A recent study by a Canadian economist puts reality into measured perspective. No Surprise: The Odds Are Stacked Against You In 1998‚ Thomas Åstebro conducted
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