BAM 317 Business Law Essay Question #5 SID #58454.docx

BAM 317 Business Law Essay Question #5 SID #58454.docx -...

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Cheryl Cech, SID #58454 11/21/2011 BAM 317-SG Business Law Unit # 1 Question #5: Discuss the characteristics of each of the following: (a) patent, (b) copyright, (c) trade secret (d) trademark. Businesses register their product or services to protect against theft, misuse and protection from other entities using it to make a profit. It ensures they retain the rights and ownership to their processes, original formulas and goods. They may register the product or service under a patent, copyright, trademark or as a trade secret. While patents, copyrights, and trademarks have so many similarities as intellectual property protection, they are different and serve different purposes. Patents are filed by inventors for the property rights of their invention. Be novel, useful, and nonobvious. 1 The invention must If granted, the patent is valid for 20 years. This protects the business from others trying to make, use, offer for sale, or selling the invention. A trade secret is information that a company keeps secret to give them an
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BAM 317 Business Law Essay Question #5 SID #58454.docx -...

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