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Intellectual Property - Business Law 1) Intellectual property is creations of ones mind, which can be divided in two general categories: Industrial Property and Copyright. Industrial Property mostly consists of Patents. The Copyright consists of literary, artistic, architectural and musical works. 2) In order for individual or organization to acquire intellectual property, the owner of the property must be willing to sell his ownership rights to the interested party. There might be many conditions, under which the process of buying Patent or Copyright is being done.
The most important element of acquiring the intellectual property is identification of intellectual assets. 3) The new owner acquires the full spectrum of rights, associated with owning intellectual property, such as the right to resell it to the thirty parties. However, the content of intellectual property cannot be changed, under the terms of majority of contracts. The original author of intellectual property looses its right to gain commercial profit out of being in possession of it. 4) The main forms of intellectual property are: patents, copyrights, trademarks, and trade secrets. 5) Infringement is the violation of rights associated with ownership of intellectual property. 6) The most popular method of defending intellectual property is licensing. The owner of intellectual property sells the right to the buyer to use such property, while retaining the rights of ownership. 7) Anti Dilution Act is the recent law, which is meant to prevent the dilution of perceptional value, associated with famous trademarks, by comparatively unknown competitors that target the same segment of the market. 8) Blurring the form of dilution. It occurs when a well-known trademark is used in connection with the goods or services of another. Tarnishment is the usage of famous trademark, by the third party, in such a manner that it could hurt the reputation of the senior users trademark.
Free research essays on topics related to: ownership, intellectual, trademark, copyright, intellectual property
Research essay sample on Intellectual Property Business Law
