Lesson 4-5: Intellectual property rights
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20 Terms
Legal rights that protect the creation of the mind
Intellectual property
What is the republic act of intellectual property?
RA 8293
The Intellectual Property Code of the Philippines, Republic Act 8293, was enacted on?
June 06, 1997
The Intellectual Property Code of the Philippines, Republic Act 8293 became an official law on?
January 01, 1998
Investors have exclusive rights for 20 yrs in exchange for public disclosure of the inventions.
New, useful and non-obvious inventions are protected to prevent others from making, using or selling the inventions without permission
Patents
Symbols, names, words and designs that identify and distinguish the source of goods or services
Trademarks
It protects original works of authorship like literary, artistic, and musical creations. They grant the creator exclusive rights to reproduce, distribute, and display their work. Copyright protection typically lasts for the life of the author plus 70 years.
Copyrights
These are confidential business information that provides a competitive advantage. They include formulas, processes, or designs that are not disclosed to the public. Protection lasts indefinitely as long as the information remains confidential
Trade secrets
What are the importance of intellectual properties in Bioentrep
Attracting investments
Competitive advantage
Monetization
Investors seek ventures with strong IP portfolios
Attracting investment
Protects innovations by ensuring maket exclusivity
Competitive advantage
Ligensing and royalties from IP can generate revenue
Monetization
Determine the type of IP:
New drug formulation and genetic modification
Patents
Determine the type of IP:
Logos and company names
Trademarks
Determine the type of IP:
Research paper and software
Copyrights
Determine the type of IP:
Formula and manufacturing processes
Trade secrets
What are the 3 strategies for protecting IP in Biotechnology
Filing for patents
Maintaining trade secrets
Brand protection
A strategy for protecting IP in Biotechnology:
Thorough and timely applications
Filing for patents
A strategy for protecting IP in Biotechnology:
Implementing confidentiality agreements
Maintaining trade secrets
A strategy for protecting IP in Biotechnology
Registering trademarks and monitoring for infringements
Brand protection