12 10 08
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12 10 08

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12 10 08 12 10 08 Presentation Transcript

  • AIM: Explain how to protect intellectual property. Do Now: What is the difference between and corporation and limited liability.
  • What do we pay taxes on?
    • Taxes on purchases
    • Taxes on property
    • Taxes on wealth
    • Taxes on earning.
  • Intellectual property laws:
    • the group of laws that regulate the ownership and use of creative works.
    • Protecting an invention falls under patent laws.
  • Protecting Your Ideas
    • Patent – a grant from the Patent and Trademark Office to the inventor of a product, giving the exclusive right to make, use, or sell the invention for 20 years from the date of filing the patent application.
  •  
  • The Steps to a Patent Establish the invention’s novelty Document the device Search existing patents Submit the patent application Prosecute the patent application Study search results
  • Protecting Your Ideas
    • Trademark – any distinctive word, symbol, design, name, logo, slogan, or trade dress a company uses to identify the origin of a product or to distinguish it from other goods on the market.
    • Servicemark – the same as a trademark except that it identifies the source of a service rather than a product.
  •  
  • Protecting Your Ideas
    • Copyright – an exclusive right that protects the creators of original works of authorship such as literary, dramatic, musical, and artistic works.
    • Copyrighted material is denoted by the symbol ©.
  • Protecting Your Ideas Source: Anne Field, “How to Knock Out Knock Offs,” Business Week , March 14, 2005. $5,000 - $20,000 2 – 5 years A business process Business method patent $5,000 - $20,000 2 – 5 years How an original product works Utility patent $5,000 - $20,000 Up to 2 years Look of an original product Design patent $900 - $1,500 6 – 12 months Logos, names, phrases Trademark About $30 About 2 weeks Works of original authorship Copyright Cost Time Required What It Covers Type of Protection
  • Application
    • Finish Presentations