Manage Intellectual Property For Your Business
Posted by admin in intellectual property on April 16, 2011
Establishing awareness of Intellectual Property amongst staff of your company is essential for early maximizing the value of your Intellectual Property and the wealth of your business and reducing the possibilities of accidental non-confidential disclosures, that could prejudice successful patent applications and negatively affect the value of your Intellectual Property and ultimately the wealth of your business.
Regular training sessions of staff on Intellectual Property are key and should include the following:
• How to Identify and Protect Intellectual Property;
• How to use Patents to Improvements of Technology;
• Understanding Patent Process,
• How to deal with Confidential Information (see some examples in the Scenarios below);
• Record keeping of Intellectual Property, including laboratory notebooks and Policy on Intellectual Property; and
• Who to contact in case of need.
The record keeping procedures and manuals will address the following questions:
• Has the inventor kept the idea confidential?
• Is there a written description of the idea? And has been kept safe and confidential?
• How the idea has been generated? If during a collaborative programme, then was it agreed beforehand who owns what?
• Is the idea a new product, a new material, a new process for making something? If so, is it patentable or protectable in any other way?
• Is the idea a variation in a product or material or process? If so, it is still likely to be patentable or protectable in any other way?
• Who generated the idea? The answer to this question is very important in the event self-employed or other third party consultants are involved in any research and development or collaborative project.
The main object of this record keeping is to track, protect and maintain all relevant Intellectual Property rights of the business so that Intellectual property can be licensed, assigned or exploited to the fullest extent and benefit of the company. Read the rest of this entry »
India Intellectual Property
Posted by admin in intellectual property on April 15, 2011
In India there is a well-established statutory, administrative and judicial framework to safeguard intellectual property rights , whether they relate to patents, trademarks, copyright or industrial designs. The contract/License, Copyright, Undisclosed information i.e. Trade Secret , Patents have an impact on software while Trade Marks and Layout Design have impact on hardware rather than the software. In this paper both impact are being focused. But before going further lets first take an overview about these areas
Contract/License: It governs or implies conditions in any transaction and its equally valid for computer software.
Copyright : It mainly lies in description, includes literary, and artistic works such as novels, poems and plays, films, musical works, artistic work such as drawing, painting, photographs, architectural design and sculptures. Basically it’s the form of expression of view or ideas.
Undisclosed Information/trade secret : It’s a secret. In the trade , it must not be general or public knowledge. Things which can give advantage over the competitors who do not know or use it, it mainly consist of any formula, pattern, device or compilation of information. Read the rest of this entry »
Intellectual property Business Idea and Opportunity Evaluation
In analyzing your business ideas you must be able to pass them through a test to determine if they truly are valid opportunities. All of your ideas must have a demonstrated need, ready market, and ability to provide a solid return on investment.
Is the idea feasible in the marketplace? Is there demand? Can it be done? Are you able to pull together the persons and resources to pull it off before the window of opportunity closes? These questions must be considered and answered.
Opportunity-focused entrepreneurs start with the customer and the market in mind. They analyze the market to determine industry issues, market structure, market size, growth rate, market capacity, attainable market share, cost structure, the core economics, exit strategy issues, time to breakeven, opportunity costs, and barriers to entry. Below are two models that entrepreneurs use to evaluate their business ideas and plans. Read the rest of this entry »