What You Need to Know about Intellectual Property

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What You Need to Know about Intellectual Property

  1. 1. What You Need to Know About Intellectual Property
  2. 2. What is Intellectual Property??
  3. 3. Intellectual Property Is ... • • • • Patents Copyrights Trademarks Trade secrets
  4. 4. Who is Involved in Intellectual Property?
  5. 5. Involvement in Intellectual Property • World Intellectual Property Organization (WIPO) WIPO has 146 countries from across the world. • European Patent Organization (EPO) The EPO is the organization that controls incoming patents for nations in the European Union.
  6. 6. What Benefit Does Intellectual Property Provide?
  7. 7. Benefits of IP • IP allows inventors to profit from their inventions on an exclusive level. • Inventors can keep exclusive rights and produce their product, or license out production to many different production companies. • Patents and other IP are considered investments because of the benefits of legal protection.
  8. 8. How Does Intellectual Property Work?
  9. 9. How IP Works • Protection for ideas through laws. • If you want something protected outside of your home country, you must go through EPO or WIPO. • Filing falls on the individual or company who created the intellectual property.
  10. 10. How Does Foreign Intellectual Property Work?
  11. 11. Filing IP in Foreign Countries • The first step to filing is hiring someone to do your intellectual property translations. • Select which countries you plan on applying to for IP. • Select a filing pathway that will make the most sense: WIPO or EPO.

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