Analysis of Intellectual Property - Assignment Example

Intellectual property Intellectual property Brief summary Intellectual property (IP) is generally creation of the mind including inventions, artistic works and literary used in commerce. IP seeks to protect the owner of the work from exploitation by others. Intellectual property makes sure that owners of the work earn recognition from their piece of work especially invention. The inventors can also get financial gains from their creations through the use of intellectual property. The system seeks to nurture an environment where creativity and innovation can grow. As such, patenting project anti-theft car system will ensure that we as the creators of the product will be recognized with it. There are several ways of patenting a product which include copyrights, patents, trademarks and industrial designs. These methods depend on the product involved. Copyright is mainly concerned with literary works. Patents give the inventor exclusive rights including right to choose how or whether the product can be used by others. A trademark is a symbol distinguishing a product from an enterprise from products of other enterprises. With the Anti-theft car system, patent and trademark are the best forms of intellectual property we can use. Competitor products The product like any other has competing products most of which are designed to offer protection from intrusions. Homes and offices may remain unused especially during the night and weekends. Anti-theft systems are as a precaution from theft of valuable property and intrusions. Most of competing products to the anti-theft car system are medications of home and office intrusion system. One of the greatest significant problems associated with systems designed to protect vehicle and locate them is the response time. It is a very critical aspect to achieve a successful retrieval of the vehicle. In most cases, the vehicle owner becomes aware of the theft several hours after it has occurred. It is by then too late to retrieve the vehicle as the thieves have by then disable it’s tracking device. Prior art patents The anti-theft system can be used by any motor vehicle with a detachable accessory electronic component example of a hi-fi stereo system. The component should be installed within a mounting bracket and easily removable. When leaving the car, the owner is supposed to carry along with him the whole accessory unit. He can alternatively take the removable front control panel from the component for safekeeping or kept in the possession of the owner. At the same time, the continuous flow of electrical current from the battery to the car fuel pump or any control component is interrupted when the circuit breaks. The effect is that normal operation of the vehicle is prevented. The vehicle is therefore protected from unauthorized use or theft 4.Inventive and protectable features The new system has modification from the generally used car systems as it is able to notify the vehicle owners and any other interested parties in real-time. It has a silent alarm which is triggered specifically by the ignition of the vehicle. It has sensors strategically placed in the interior and exterior. It also features a cellular communication with the owners or interested parties through their mobile phones. It sends information to them through a telecommunication network. The cellular communication allows the owners to remotely control the vehicle. The owner therefore has the ability to actuate countermeasures to the security threat. In addition to the above features, the system also has multiple GPS enabled tracking devices which are linked to the owner’s cellular phone. Locating the vehicle is therefore made easier. The system includes two tiny cameras and cannot be easily noticed. One of the cameras is installed in the rear view mirror and the other on driver’s side mirror. 5.Other opportunities for intellectual property rights that can be used for the system. Inventions that relate to computer software can be used as other opportunities for the intellectual property and that may be patentable. However, this will only be possible if they involve something more than just a common car software that is run by a computer in an ordinarily way. The opportunity must be a computer –implemented yet independent system that is patentable and will be based on the contribution or the invention that it will bring forth. For instance, This software will provide an improved way of making the car locking system able to recognized the order or a specific signal it is given. This will make the product be patentable and will also improve the accountability system. The software and computer programs will be protected as the literary works in addition to the possible right of ownerships. 6.Produce a registerable trademark A trade mark is regarded as a symbol that can be used to differentiate good and services in a specific market place. This can also be known as brand name or logos. This feature can be used as marketing tools so that the customer can realize that this is a particular product form a particular company. Trade marks can be represented in many forms and shapes. It can either be a combination of words or a drawing with some words. This will also help in distinguishing a particular brand from the other. A trade mark must be different from the other as it will help the customer to realize which product he like and can easily associate with. A register trademark is usually licensed at the Board of Trade Marks and is usually renewable after 10 years. This will prevent form many copyright suits that most business get. 7.Review potential for product licensing Product licensing offers a person the opportunity to maximize fully of the market potential of the specific product that he want to put out in the market. However, he will need some collaboration with the business that specializes in the specific areas that he want to maximize on. Additionally, we may leverage other products or services that we offer to the customers. We believe that this new product would sell very well in areas that have mild issues of insecurity and the secure areas. Factors that have to be kept in mind is that you have to come up with an idea offering better services, offer standard rate and provide offers for specific packages bought by the clients. You should be able to offer insurance or guarantee for the services that would be rendered to that you can win the trust of the customers. This means that product-licensing agreement should be signed by both parties. Irrespective of the copyright protection that is offered by the company also the database right must also be protected so that the they may show commitment that they intended to protect their investment. The terms of protection for the registration product licensing agreement should be agreed upon by both parties. 8.Strategy for exclusivity of selling or distribution rights. Exclusivity of selling of distribution of rights is a situation where the suppliers and the distributers tend to enter and agreement that will make the distributor be the only who will be allowed to sell the product. This means that the supplier will have limited rights in the sale of the product to the retailers. Exclusive distribution strategy is commonly used when the business want to limit the amount of product s thus offering a limited edition of product to its clients. In addition 9.What strategies for protection of international intellectual property rights are most appropriate for this new product? This can be protect through the use of patens which allow third parties to sell your product. Trademarks can also be used to protect the name of the brand and prevent other business form using it. Copyright can be used to control the distribution or display or performance of the product. 10. What budget, over what timescale, is needed for protection of intellectual property rights? The normal budget and timeline for every company that want protection of its intellectual property right is clearly stated in the World Intellectual Property Organization. This will depend on the category that you want to protect it. It can either be Industrial property which include trademarks or commercial strategies. Depending on the type of property, they will be specific charges. Once this is done you can decide to protect it for one or five or ten years. References Lynch, R. (2012) Chapter 16 Intellectual Property. GALPIN, T. & WHITTINGTON, J. (2012) Tradmrk leadership: from strategy to results. Journal of Business Strategy, 33, 40-48. Lam, C. & O’Higgins, E. (2013) Emotional Intelligence and Leadership Styles in Product Management Review, 18, 4, 441-467 Read More