Intellectual Property Essay -- Intellectual Property Essays

knowing prop are the profound rights (control and ownership) of creations, such as ideas inventions designs, etc. for the use in commerce (Bainbridge, 2012). ingenious law in countries seeks to deter individuals or organizations from copying or capitalizing upon some others work. The main areas protected by protect intellectual property law include patent, copyright, trademark, and trade secret. Intellectual lieu can be categorized under the followingMonopolyRight to prevent copyingDe Facto MonopolycontractualPatentsunregistered betray MarksTrade Secrets Confidential InformationRegistered Trade Marks Unregistered DesignsKnow-HowRegistered DesignCopyrightThis essay focuses on Patents, Registered Designs, Unregistered Design Right and trademarks. A patent is needed to increase regeneration and competition. It is an issued document which is applied for and is granted by a governing bole that states that an invention which is patented is legally bound to its owner for exploitati on i.e. manufacturing, use, gross revenue and imports. A patent is mostly issues for 20 years and their follows generally depend on the award of the application process. In the UK, the total cost of a patent could be estimated at 5000 over 5 years. planetary patents (PCT) on the other hand could total 7000 over 2.5 years. This is because within the UK, the trial of patentability stage is generally cheaper (1500) compared to the International equivalent (300) but most importantly the closing process in the International patent application could be in a range of 0 30,000, whilst the UK patent end stage is approximately 100 (HGF, 2014). Patents could give the product or idea non only a competitive a... ...ion of Time Warner Price paid $147 meg, of which $128 billion was for IP (87%) Examples of the value of patents includeNortel, a former Canadian telecommunications company, had a patent portfolio of over 6000 patents. Notable companies like Google bidding later change to o ther notable companies including Apple, Microsoft, RIM, EMC, Ericsson and Sony for $4.5Bn.REFERENCESBainbridge, D. (2012). Intellectual Property. Pearson 9 edition.Department for Business, Innovation & Skills, Intellectual Property Office, (No date). Designs How to Protect your Design. London HMSODepartment for Business, Innovation & Skills, Intellectual Property Office, (No date). Trade Marks Quick Facts. London HMSOHarrison Goddard Foote LLP, (2014). Intellectual property shop classWorld Intellectual Property Organization, Intellectual Property Handbook, (2008).