Intellectual Property Essay -- Intellectual Property Essays

intelligent property are the legal rights (control and ownership) of creations, such as ideas inventions designs, etc. for the lend oneself in commerce (Bainbridge, 2012). mental law in countries seeks to deter individuals or organizations from copying or capitalizing upon anothers work. The main areas protected by protect intellectual property law include homely, copyright, trademark, and trade secret. bright Property can be categorized under the followingMonopoly proper(a) to prevent copyingDe Facto MonopolyContractualPatentsUnregistered slyness MarksTrade Secrets Confidential InformationRegistered Trade Marks Unregistered DesignsKnow-HowRegistered Design secureThis essay focuses on Patents, Registered Designs, Unregistered Design Right and trademarks. A patent is needed to increase innovation and competition. It is an issued document which is applied for and is granted by a governing body that states that an invention which is patented is legally kick back to its owner for exploitation i.e. manufacturing, use, sales and imports. A patent is generally issues for 20 years and their costs generally depend on the stage of the finishing process. In the UK, the complete cost of a patent could be estimated at 5000 over 5 years. international patents (PCT) on the other hand could total 7000 over 2.5 years. This is because within the UK, the examination of patentability stage is generally cheaper (1500) compared to the International uniform (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 harvest-home or idea not only a competitive a... ...ion of magazine Warner Price paid $147 billion, 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 equivalent Googl e bidding later sold to other notable companies including Apple, Microsoft, RIM, EMC, Ericsson and Sony for $4.5Bn.REFERENCESBainbridge, D. (2012). Intellectual Property. Pearson 9 edition. discussion section for Business, Innovation & Skills, Intellectual Property Office, (No date). Designs How to Protect your Design. capital of the United Kingdom HMSODepartment for Business, Innovation & Skills, Intellectual Property Office, (No date). Trade Marks Quick Facts. London HMSOHarrison Goddard Foote LLP, (2014). Intellectual property workshopWorld Intellectual Property Organization, Intellectual Property Handbook, (2008).