Hello class today we will be talking about Intellectual Property and why it is important.
What is Intellectual Property?
Intellectual Property refers to the creations of mind, including, inventions, literary and artistic works, symbols, and images used in commerce. 1
Intellectual property laws protect the creations of new products of one company being copied from another. 2
There are 3 main laws in Intellectual Property copyright, patent, and trademark. 3
Got any questions? 4
Slide: 2
Can you explain copyright, and why its important? 1
Of course I can. 2
Good questions. 4
And why is a patent necessary? 3
And this type of protection is essential for providing creative authors and artists with recognition and economic rewards for their work, which motivates them to continue to create works as well as to protect their work. 2
Copyright are laws that grant authors, artists or other creators protection for their literary or artistic creations or work. 1
A patent provides incentives to individuals by recognizing their creativity and offer rewards for their marketable inventions, and in turn increases the quality of daily human life. 4
A Patent is an exclusive right granted for an invention.3
Slide: 3
Any more questions?
What is Trademark?
And what types of trademarks can be registered, and how are they registered?
Trademarks like logos, names, symbols can be registered through a formal application process with the relevant government trademark office. 2
A trademark identifies a product or service from a particular source and distinguishes it from others. A trademark owner can be an individual, business organization, or any legal entity. 1