Intellectual Property In Business
INTRODUCION
Today, intellectual property is an increasing aspect of business. IP forms a crucial part of value of business as we move into the knowledge economy. It is a fundamental business issue; not a legal issue. Just like any other product IP must be prepared into a protected, managed and exploited form only when IP is have to value.
This assignment describes some best practice in protection and exploitation.
WHAT IS INTELLECTUAL PROPERTY?
Basically IP is to know how and is contained in the minds of your staff. In the accepted sense of an intangible asset, IP is an embodiment or instance of true IP. Intellectual property in the sense used by the most people in the business comprises some elements for examples: - trade secret, confidential
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Who is involved in the transfer and who need to know the information?
Who is signing NDA?
What happen if any other party audit you in future?
Make sure that it is a not legal issue, it is a business issue. Mistakes impact the business not to the lawyers.
EMAILS AND INTERNET: - Bellarine Techno Inc. should have and use an internet usage policy; remember that your company is liable for internet use by the employees. Internet cannot be a secure environment without the methods of secure transmission such as VPN.
EMPLOYEMNT CONTRACTS: - one of the biggest risks to the protection of trade secret is disgruntled employees. So that there should be a legal requirement, employments contracts are surprisingly rare. Make sure that all employees have signed their terms of employment and that document clearly assigns all IP generated in the course of employment to the Bellarine Techno Inc.
LEGAL PROTECTION:- The most important forms of legal protection of IP are:
Trade marks
Copy rights
Database
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It offers a legal monopoly to an invention in return for your publication; it is granted by a patent normally last for 19 or 20 years from the date of initial application. It may be granted for an invention that:
Not already known (is new?)
Involve an inventive step in it.
Why are you patenting it? ( is capable of industrial application )
It is a powerful protection of IP, especially in licensing IP.
NEEDS FOR RECORDS:- protection methods of IP requires that proper and accurate records be kept. It should be note that good quality of records could help to protect Bellarine Techno Inc. Company from accusation of IP infringement by third party as well as to protect your own IP (electronic credit card).
As the IP of Bellarine Techno Inc. is an electronics device and an important aspect of record keeping is a good quality source code control system. A good system will have date/time stamping mechanism and will keep history that cannot be tempered with.
Company should have a logbook which keeps permanent records of your work. All logbooks must be marked as confidential. Work should be record legibly and
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