Get THE COLLEGE OF WILLIAM AND MARY INTELLECTUAL PROPERTY POLICY

U.S. copyright law provides copyright owners with the following exclusive rights: Reproduce the work in copies or phonorecords. Prepare derivative works based upon the work. Distribute copies or phonorecords of the work to the public by sale or other transfer of ownership or by rental, lease, or lending.

The Intellectual property policy is the State's framework for the ownership and management of its intellectual property (IP), and use of IP belonging to other parties.

Who Owns Intellectual Property Discovered or Created at the University? The University is sole owner of all IP: Created by University employees in the course of their employment. Created by individuals—including employees, students, post-doctoral or other fellows—using substantial University resources.

The purpose of the intellectual property policy is to foster the creation and dissemination of knowledge and to provide certainty in individual and institutional rights associated with ownership and the distribution of benefits that may originate from the formation of intellectual property.

To protect Mary's design for the new style of headphones, she would need to apply for a design patent. A design patent protects the ornamental design of an object, such as the shape, pattern, or appearance. It would ensure that others cannot copy or use Mary's specific design without her permission.

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.

Your IP rights are important because they can: set your business apart from competitors. be sold or licensed, providing an important revenue stream. offer customers something new and different.

An IP Policy, or intellectual property policy, should cover all of the important functions in your business that might relate to creating or using intellectual property. The IP Policy should address all the different personnel and roles that interact with your intellectual property assets and IP rights.