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It includes creations of mind, such as inventions, literary and artistic works, designs, symbols, and names used in commerce. These intellectual outputs are seen across industries, including creative and cultural sectors. What is IntellectualPropertyManagement? This is where IP management steps into the picture.
Simply put “march-in” rights would allow the government to take control of the IP rights of inventions owned by private companies if those inventions have been funded by public money through grants from the government or through licensing agreements with government R&D institutions.
By disclosing an enabling description of an invention to the public, with a provable publication date and authenticity, it becomes prior art. A comprehensive portfolio management strategy also improves your ability to identify infringers and/or potential licensing partners. ELEMENT 3 3. ELEMENT 2 2.
government typically retained ownership of inventions resulting from federally funded research. The Act allows not-for-profits, small businesses, and institutions to own and control the IP generated from federally funded research, providing them with the autonomy to make decisions about licensing and commercialization.
The corporation innovates various IP and use them for their products or can license them to the third parties, which generate revenues for the corporation in the form of license fees. For any such valid infringement, the prerogative to sue the other for the intellectualproperty violation always lies with the corporation.
Commercialization Through Franchising Franchising is essentially a subset of licensing whereby the owner of an intellectualproperty grants the franchisee to replicate the entire business concept in a different location.
The 1990 Bayh-Dole Act was a major milestone for intellectualpropertymanagement in US universities. An interest section at the end of this chapter explores the issues of independent invention by a third party and prior user rights. We have witnessed major patent reform in the USA in recent times.
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