Intellectual Property

What is intellectual property?

• Intellectual property is only protected by trademarks

• Intellectual property is creations of the mind, such as inventions, literary and artistic works, designs, symbols, names, and images used in commerce, protected by patents, copyrights, trademarks, and trade secrets.

• Intellectual property is related to weather patterns

• Intellectual property is physical possessions

Name the four main types of intellectual property.

• formulas

• inventions

• patents, trademarks, copyrights, and trade secrets

• designs

Explain the concept of copyright.

• Copyright is only applicable to physical objects.

• Copyright lasts indefinitely.

• Copyright only protects works created by famous artists.

• Copyright protects original works of authorship.

What does a patent protect?

• Limited access to information

• Exclusive rights to an invention

• Trademark protection

• Public domain sharing

Define trademark and provide an example.

• A trademark is a form of currency used in international trade.

• A trademark is a type of legal document used for property ownership.

• A trademark is a type of patent used for software development.

• A trademark is a recognizable sign, design, or expression which identifies products or services of a particular source from those of others. For example, the Nike swoosh logo is a trademark.

How long does a copyright last?

• Life of the author plus 100 years

• Life of the author plus 50 years

• Life of the author only

• Life of the author plus 70 years

What is the purpose of intellectual property rights?

• To limit access to knowledge and information

• To encourage plagiarism and copying of original works

• To hinder innovation and creativity

• To protect creations of the human mind and provide creators with exclusive rights to their work.

What is the difference between a trademark and a copyright?

• A trademark protects personal information, while a copyright protects business data.

• A trademark covers physical products, while a copyright covers digital content.

• A trademark is only valid in one country, while a copyright is international.

• A trademark protects symbols, names, and slogans used to identify goods and services, while a copyright protects original works of authorship.

Explain the term 'fair use' in relation to intellectual property.

• Fair use is a legal doctrine that allows limited use of copyrighted material without permission from the rights holder.

• Fair use grants exclusive rights to the rights holder without limitations.

• Fair use only applies to physical property, not intellectual property.

• Fair use allows unlimited use of copyrighted material without permission.

What is a trade secret?

• A trade secret is a type of patent

• A trade secret is publicly available information

• A trade secret is information that must be disclosed to competitors

• A trade secret is any confidential business information that provides a company with a competitive edge.