Entrepreneur Assignment
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Entrepreneur Assignment






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    Entrepreneur Assignment Entrepreneur Assignment Presentation Transcript

    • Any patents, trademarks, copyrights , or trade secrets held by entrepreneur. Since all business is regulated by law, entrepreneurs need legal advise at different stages of the startup.
    • Most lawyers have developed special expertise so the entrepreneurs should be careful in evaluating his/her needs before hiring one. Two ways for hiring a lawyer- How To Select A Lawyer
    • A Patent is a contract between the govt. and an inventor . The patent gives the owners a right which prevents anyone else from making , using , or selling the defined invention. Types of Patents- Legal Issues In Setting Up The Organization Patent
    • Utility patent gives the right of using invention to entrepreneurs for 20 years starting on date of filing with the Patent and Trademark Office (PTO). Ex- Film developing, chemical compounds etc A design patents covers new , original , ornamental and unobvious designs for articles of manufacture reflecting the appearance of an object. Ex- Shoe companies ( Nike & Reebok) etc. These are issued under the same provisions as utility patents and are for new varieties of plants which represents a limited of interest . Utility Patent Design Patent Plant Patent
    • A statement to Patent & Trademark Office by inventor disclosing intent to patent idea. To file a disclosure document, the entrepreneur must prepare a clear and concise description of the invention. The patent application must contain a complete history and description of the invention as well as claim for its usefulness. In general, application can be divided into three sectors- The Disclosure Document The Patent Application-
    • Introduction- contains background, advantage of the invention, nature of the problem and states how the invention defers from existing offering. Description of Invention- contains a brief description of drawings which include engineering specifications, materials, components. Claims- important criteria by which any infringements will be determined. Essential parts of the invention should be described in broad terms to prevent others from getting around the patent. …………… ..
    • Patent infringement is taking , copying , or using someone else’s owned patent issued by the Government without obtaining permission of the actual owner of the patent (invention). The permission can be obtained by contract , or license . Patent Infringement
    • Distinguishing word , name , or symbol use to identify a product. The trademark is given an initial 20-years registration with 20-year renewable terms. Coined marks- denote no relationship between the mark and the goods or services. e.g. Kodak , Mercedes etc Arbitrary marks- has different meaning in grammatical language and is applied to a product or service. Apple, Parachute etc. Suggestive marks- suggest certain features, qualities, ingredients, or characteristics of a product or service. e.g. White plus, Clean & Clear etc . Business Methods Pattern Trademark
    • Four Requirement For Filing The Trademark Registration- Registering The Trademark
    • A copyright protects original works of authorship by preventing others from printing , copying , or publishing any original works of authorship. Ex : Computer Software, books, scripts, articles, poems, songs, sculptures, models, maps, blueprints etc. Copyrights
    • Trade secrets are the protection against others revealing or disclosing information that could be damaging to business. Trade Secrets
      • Train employees to refer sensitive questions to one person.
      • Provide escorts for all office visitors.
      • Avoid discussing business in public place.
      • Keep important travel plans secret.
      • Control information that might be presented by employees at conference or published in journals.
      • Use simple security such as locked file cabinets, passwords on computers, and shredders where necessary.
      • Have employees and consultants sign nondisclosure agreements.
      • Avoid faxing any sensitive information.
      • Mark documents confidential when needed.
      Some Ideas to Protect Trade Secrets
    • Licensing is an arrangement between two parties, where one party has proprietary rights over some information , process , or technology protected by a patent , trademark , or copyright . Product safety and liability is the responsibility of a company to meet any legal specifications regarding a new product covered by the Consumer Product Safety Act . Licensing Product Safety and Liability
    • A promise of compensation for specific potential future losses in exchange for a periodic payment . Two parties- Insurance
    • A contract is a legally enforceable agreement between two or more parties as long as certain conditions are met. Contracts
    • Thank You All