12 10 08

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12 10 08

  1. 1. AIM: Explain how to protect intellectual property. Do Now: What is the difference between and corporation and limited liability.
  2. 2. What do we pay taxes on? <ul><li>Taxes on purchases </li></ul><ul><li>Taxes on property </li></ul><ul><li>Taxes on wealth </li></ul><ul><li>Taxes on earning. </li></ul>
  3. 3. Intellectual property laws: <ul><li>the group of laws that regulate the ownership and use of creative works. </li></ul><ul><li>Protecting an invention falls under patent laws. </li></ul>
  4. 4. Protecting Your Ideas <ul><li>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. </li></ul>
  5. 6. 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
  6. 7. Protecting Your Ideas <ul><li>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. </li></ul><ul><li>Servicemark – the same as a trademark except that it identifies the source of a service rather than a product. </li></ul>
  7. 9. Protecting Your Ideas <ul><li>Copyright – an exclusive right that protects the creators of original works of authorship such as literary, dramatic, musical, and artistic works. </li></ul><ul><li>Copyrighted material is denoted by the symbol ©. </li></ul>
  8. 10. 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
  9. 11. Application <ul><li>Finish Presentations </li></ul>

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