One of the main topics Efrat Kasznik discussed in lecture
was IP Marketplace Overview. In this main topic, I will be discussing the
differences between Trademarks, Copyrights, Patents, and Trade Secrets and the
impacts of each.
Patents: Something we should all know from class is
essentially a license for a finite pre-determined amount of time that gives
someone the sole right to exclude others from making, using, or selling an
invention. For example, if I have the patent for the bicycle and you are producing
bicycles without my permission, I can take you to court and stop the
continuation of your actions.
Copyrights: The exclusive legal right, given to an
originator to publish, print, perform, film, record, and authorize others to do
the same. For example, all copies of off-air recordings for a tv show must
include the copyright notice on the broadcast program.
Trademark: A symbol, word, or words legally registered or
established by use as representing a company or product. This could be the Nike
logo.
Trade Secrets: A secret device or technique used by a
company in manufacturing its products. An easily understandable example of this
would be the Coca-Cola formula, which no one knows.
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