Intellectual property laws do not always concern themselves with what is right or wrong. Its main focus is on how organizations and individuals protect what they rightfully own from unauthorized use. This provides these entities options for what they can do if these laws are violated.
- Trade Secret
- This is something that is proprietary to an organization and vital for its profitability and survival.
- For example, the trade secret that Coca-Cola owns is the formula used for their soft drink. This resource is highly confidential and protected with various security precautions and actions. Such actions could be both physical (Safes and Security surveillance) and legal (Non-Disclosure Agreements).
- Copyright
- Denoted by a (©), copyrights protect the right of an original author to control the distribution, reproduction, display, and adaptation of an original work.
- This law covers various types of work: pictorial, graphic, musical, dramatic, literary, pantomime, motion picture, sculptural, sound recording, and architectural.
- It should be noted that, unlike trade secret law, copyrights do not protect the specific resource; however, it indemnifies the “expression of the idea of the resource instead of the resource itself”.
- Trademarks
- These differ from copyrights in that they are used to protect a words, names, symbols, sounds, shapes, colors, and any combination of these.
- Generally, trademarks are sought after they are believed to represent an entities’ brand identity to a group of people or the world.
- Patent
- Patents are granted to individuals and organizations to grant legal ownership that enables exclusive use or copying of the invention covered by the patent.
- After the inventor completes an application for a patent and it is approved, the patent grants a limited property right to exclude others from making, using, or selling the invention for a specific period of time.
0 comments:
Post a Comment