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What is exclusive possession?
Controlling use of something and preventing others from using it
Why is exclusive possession difficult for ideas?
Ideas can be used by multiple people at the same time
What is non-exclusive possession?
Many people can use the same idea without reducing its value
What is natural scarcity?
Limited supply of physical goods
What is artificial scarcity?
IP law limits access to ideas to increase value
Why does IP law create artificial scarcity?
To encourage innovation and creativity
What is intellectual property (IP)?
Legal protection for creations of the mind
What is the 'limited monopoly'?
Exclusive rights for a limited time
What are the main types of IP?
Copyright, Trademarks, Patents, Industrial designs
What does copyright protect?
Expression of ideas (not the ideas themselves)
What are the 3 requirements for copyright In Canada?
Original, Fixed, Connected to Canada
What types of works are protected by copyright?
Literary, Artistic, Musical, Dramatic
What are economic rights?
Copy, Publish, Perform, Adapt
What are moral rights?
Attribution (credit), Integrity (no distortion), Association
Can moral rights be sold?
No (but can be waived)
What are neighbouring rights?
Rights for performers, broadcasters, recordings
What is NOT protected by copyright?
Titles, Slogans, Short phrases, Facts
Who owns copyright?
Creator
What is the exception to copyright ownership?
Employer owns work created in job
How long does copyright last?
Life + 50 years
What is copyright infringement?
Using work without permission
Can small portions infringe copyright?
Yes, if substantial
Why is the internet a problem for copyright?
Easy copying and distribution
What is fair dealing?
Legal use without permission
What are examples of fair dealing?
Study, Research, Education, Parody
Why is AI controversial regarding copyright?
Training may copy copyrighted works
What is Digital Rights Management (DRM)?
Technology controlling digital content use
What is a trademark?
Word/symbol identifying a business
What is the purpose of a trademark?
Prevent confusion + protect brand
Is registration required for trademarks?
No
What are the benefits of trademark registration?
Canada-wide protection, Easier enforcement
What is the limitation of unregistered trademarks?
Only protected locally
What are the elements of passing off?
Reputation, Misrepresentation, Damage
What are the types of trademark infringement?
Copying, Knock-offs, Dilution, Confusing use
What are the remedies for trademark infringement?
Damages, Profits, Injunction, Destroy goods
What is a patent?
Right to control an invention
How long does a patent last?
20 years
What does an inventor give in the patent bargain?
Full disclosure
What do inventors get in return for a patent?
Monopoly rights
What makes an invention patentable?
New, Non-obvious, Useful
What cannot be patented?
Natural laws, Abstract ideas, Business methods
What is patent infringement?
Using invention without permission
What are the remedies for patent infringement?
Damages, Profits, Injunction
How can one avoid patent issues?
Search databases, File early, Use confidentiality
How can patents be used?
License, Sell, Keep exclusive
What is experimental use in patents?
Study allowed, use not allowed
What do industrial designs protect?
Appearance (shape, look)
Must industrial designs be registered?
Yes
What is the duration of industrial designs?
Up to 10 years
What is confidential information?
Information shared with expectation of secrecy
When does breach of confidence occur?
Info is confidential, Shared in trust, Misused
What are trade secrets?
Valuable secret info (e.g. recipes)
What is the duration of trade secrets?
Unlimited (if kept secret)
What risks exist for trade secrets?
Leakage, Independent discovery
How to protect secrets?
NDAs, Limit access, Label confidential