Who Owns Ideas?

What is Intellectual Property...

• Intellectual Property (IP) is a legal term that refers to creation of the mind.

Patents

Purpose of Patent

• Encourage new inventions
• Promote disclosure
• Protect ownership rights
• Prevent infringement

Types of Patents

• Utility
• Design
• Plant

Copyright

Purpose of Copyright

• Promote progress of science and useful arts
• Ownership rights
• Prevent infringement
• Right to make money
• Automatic legal protection

Trademark

Purpose of Trademark

• Distinguish one from another
• Prevent unfair competition
• Prevent consumer confusion
• Prevent dilution of brand
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Trade Secret

IP Strategy

• Valuable intangible assets
• Support long-term development goals
• Used to build value
• Need a broad strategy

The World of IP

• Leahy-Smith America Invents Act
• Business method patents
• Economic growth and jobs

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