Are patents an encumbrance? When a firm is articulating their innovation strategy, determining how to keep control of their intellectual assets is crucial. That is because companies who are heavily reliant on research and development inherent value in intangible assets and other intellectual property IP compared to material assets Henkel and Reitzig, But, of course this varies between different industries in managing those valuable resources to a business i. Introduction A patent is a form of intellectual property which grants the patent holder an exclusive right to an invention. A patent grants the patent owner a negative right to prevent others from making, using, distributing or selling a patented product.
Intellectual property is the property generated in the process of intellectual activities. It can be possessed and used, and generated benefits. The major components of intellectual property include copyrights, patents, and trademarks. Similar to tangible property, intellectual property which is an intangible property is also protected by the law. By the time the intellectual property becomes more important in trade, the differences between these given rights, which varied widely around the world become a source of tension in international economic relations. Now days, Trademark and copyright infringement are becoming increasingly common in the world. And due to the difficulty to catch direct infringers who sell counterfeit or other infringing products on the internet, as they can easily mask their identities and avoid liabilities by shutting down and reopen under different domain name.
All applicants must submit a personal statement with the application form. This is your opportunity to present yourself, your background, your experiences, and your ideas to the Admissions Committee. You may want to write about your intellectual interests, your career goals, your achievements, your family background, or your involvement in your community.
The Constitution of the United States grants Congress the ability to enact laws relating to patents, in Article I, section 8, which states. Under these powers Congress has from time to time enacted several laws relating to the patents. The first of all patent laws was enacted in The patent laws have undergone a general revision which was later enacted July 19, , and which later came into effect in January 1,