This guide provides an overview of intellectual property rights. Topics included cover trademarks, service marks, copyrights, patents, and trade secrets. Information on remedies for infringement is also provided.
Utah USLegal Guide to Intellectual Property Rights
State:
Multi-State
Control #:
US-GDE-22
Format:
Word;
Rich Text
Instant download
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FAQ
When a person or company hires a designer, computer programmer, artist or other independent contractor, the party that is hiring will own whatever work is created, including all rights under any trademark, patent or copyright. Intellectual property examples would include books, music, inventions and more.
The purpose of intellectual property rights is to encourage new creations, including technology, artwork, and inventions, that might increase economic growth.
Definition and Examples of Intellectual Property It includes inventions; literary and artistic works; designs; and symbols, names, and images used in commerce and business. Intellectual property owners have specific exclusive rights to their creations.
Examples of intellectual property include an author's copyright on a book or article, a distinctive logo design representing a soft drink company and its products, unique design elements of a web site, or a patent on a particular process to, for example, manufacture chewing gum.
Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.
To obtain a patent in the U.S., the inventor must file a patent application with the United States Patent and Trademark Office (USPTO), which includes (1) a written document comprising a description and claims, (2) drawings when necessary, (3) an oath or declaration, and (4) filing, search, and examination fees.
Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
An intellectual property assignment is the transfer of an intellectual property right to another so that the assignor is no longer the owner of that right. The assignor cannot therefore use the right unless the assignee grants a licence back to the assignor.
Intellectual property represents an essential feature for technology intelligence, as well as a key stage in technology transfer and innovation management. Increasingly, its protection and registration enable the development of technology-based firms or startup companies.
Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.