What is Intellectual Property ?
INTELLECTUAL PROPERTY (IP) is ideas, information and knowledge; “Intellectual” because it is creative output; and “Property” because it is viewed as a tradable commodity.
A legal monopoly lasting 20 years granted in exchange for describing an invention and paying fees to the Patent Office. A patent position is destroyed by public disclosure of the idea before a patent application is filed (except for a short grace period in the US). Think patent before you publish.
Applies to literary and dramatic works, artistic and musical works, audio and video recordings, broadcasts and cable transmissions. Copyright is also the usual way of protecting software, although some software may be patented if it is a functional part of an invention. Copyright arises automatically; it does not need to be applied for; and lasts 70 years after the death of the author.
Applies to databases which are not protected by copyright (an EU right only).
Applies to aspects of the shape or configuration of an article. Unregistered design right (which covers computer chips, for example) can protect internal or external features. In the case of registered designs, the features must appeal to and be judged by the eye.
A mark (logo) or other distinctive sign applied to or associated with products or services, which does not describe the products or services.
Knowledge which only you possess and which you have only revealed under a nondisclosure/confidentiality agreement.
IPR COVERS NEED TO APPLY? MAXIMUM DURATION
Patent Inventions Yes 20 years
Copyright Literary, musical, artistic works, & software No 70 years after death of author
Registered Design Image; look & feel Yes 25 years
Registered Trade Mark Name, logo Yes Unlimited
Confidential Information Unpublished secret information No Unlimited
Database Right Databases No 15 Years
Successful management of IPR provides the means by which individuals and institutions are able to protect their creative output from imitators. An understanding of IP and IPRs is an increasingly important aspect of University and business life. Now, more than ever, IP is recognised as a tradable commodity.