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Firm managers carry out valuation of their patents when they are deciding whether or not to file a patent application or refurbish a patent, when computing royalties for patent licensing contracts, when calculating the value of a potential merger or acquisition, and when calculating their own corporate value.
Lawyers and judges value patents in suits of patent infringement; financial institutions calculate the value of patents when they use the intangible asset as collateral for bank loans; and investors and financial analysts value patents to evaluate the cost of firms as a foundation for their investment decisions and recommendations (Hall, 1992; Martin and Drews, 2005).
IP in the form of patentable technology, legally protectable trademarks and designs, copyright and others have progressively become the most crucial assets, not only for many of the worlds largest companies, but also for small and medium enterprises (Schweihs, 2002).
Intellectual property (IP) is a term which refers to a number of discrete kinds of legal monopolies over conceptions of the mind, which can be either artistic or commercial. IP also includes the related areas of law (Raysman et all, 2008). A variety of intangible assets are given certain special rights under the IP law. The most common kinds of intellectual property include trademarks, copyrights, industrial design rights, patents, and trade enigmas in some jurisdictions. According to Sherman and Bently (1999), “The British Statute of Anne 1710 and the Statute of Monopolies 1623 are now seen as the origin of copyright and patent law respectively.”
Originality is one of the most important terms which are related to copyright. Presently the term ‘originality’ is used by law as a touchstone in evaluating when and why something can be copyrighted. England’s conventional criterion for originality was a Lockeanderived industriousness criterion, according to which the work must spring up from the author at
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The ‘work made for hire’ rule constitutes an exception to the general rule that copyright ownership naturally belongs to the author or creator of that work, implying that in such cases, the employer or the person for whom the work is done or created for is deemed the copyright owner of the work.
Business laws have set some exclusive rights for intellectual property holders in order to ensure their creations’ protection. Intellectual property law mainly protects the rights on intangible assets such as music, literature, art, discoveries and inventions, phrases, symbols, and designs.
This right is very fundamental, and everyone is entitled to it to protect his work from infringement. Trademark can be defined as a symbol, phrase or word that is used to identify a particular organization, seller, and manufacturer and distinguish them in a unique manner from others (Admin, 2012).
Introduction 26 Discussion 26 Conclusion 27 References 29 Section 1: Intellectual Property Introduction Intellectual property (IP) can be defined as the lawful rights that originate from the conduct of intellectual activities performed in the scientific, industrial, artistic and literary fields.
Until very recently however, UK law did not allow descriptive trademarks. Here we will look at basic trade mark law as defined under the Trade Marks Act 1994, and come to a better understanding of why such descriptors were not permissible as trademarks, and why that decision has since been reversed.
agent for monopolies?”
The development of technology worldwide has followed by the increase of disputes related with the ownership of plans and concepts on which the relevant efforts have been based. In this context, the use of a specific framework for the protection of
You found a starter duplex that you can purchase with an assessed value of $75,000. Property taxes average 2.975% of the assessed value. The state sales tax rate is 6% on purchases, but this does not apply to food and clothing. The
addition, DatagraphiX has already claimed (as per the law) varied features comprising its product there should be no other party, which has the right to duplicate or use them.
In this case, Miller’s actions were against the law because the lists of his former employer’s