Patent Patentable subject matter Novelty Inventive step not just an innovation

Patent patentable subject matter novelty inventive

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Patent ! Patentable subject matter ! Novelty ! Inventive step – not just an innovation but an invention (otherwise an innovation patent applies) ! Full description of the invention ! Invention must be useful ! Invention patents – further development of an existing idea that is novel, commercialisable and useful and not under ownership of the original owner (8 years)
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Kambrook - a lesson learned ! ! In 1972, Frank Bannigan, Managing Director of Kambrook, developed the electrical power-board. The product was hugely successful and was the basis for Kambrook's growth to become a major producer of electrical appliances. ! However, the power-board was not patented and Kambrook ended up sharing the market with many other manufacturers. ! According to Mr Bannigan, ! 'I've probably lost millions of dollars in royalties alone. Whenever I go into a department store and see the wide range of power-boards on offer, it always comes back to haunt me.' ! Today Kambrook has a number of patents and pending applications for improvements in a range of consumer goods.
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IP Summary ! Businesses need to develop a more strategic, integrated approach to protect their IP and to better commercially exploit their IP portfolios. ! As well, they must make use of the information and knowledge which other firms and organisations have already generated. ! Be diligent in safeguarding and maintaining secrecy, communicating your legal rights and, if necessary, defending your rights through legal action. ! Legal protection will help preserve your intellectual investment and ensure that only you can turn your ideas into a commercial reality. ! It is strongly recommended to use an IP professional to assist you in developing IP strategies for your firm.
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Assignment time ! Use any time left wisely ! Are you all in a group? ! Progress assignment 1
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  • Three '17
  • SCHOOL OF ECONOMICS

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