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Intellectual Property FAQ

 
This FAQ is designed to give our inventors a brief overview of intellectual property. For specific questions or more detailed information pertaining to your invention or IP in general, please don't hesitate to contact our office.  
 
 
 
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 What is Intellectual Property (IP)?

 
 
Intellectual property (IP) refers to the creations of the mind. It comes in various forms and has different laws associated with each form. The main forms of IP are:
 

- Patents
- Copyrights
- Industrial Designs
- Plant Breeders' Rights
- Trademarks
- Trade secrets
- Ingrated Circuit Topographies​

 

 Why do we have a patent system?

 
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The patent system exists to protect new technology while allowing for the disclosure of inventions.
 
It also exists to provide an incentive for industry to develop and commercialize new technologies. By having an issued patent on a certain technology, a company has an incentive to invest the large sums of money necessary in developing that technology, knowing that their competitors are not able to practice that same technology for the duration of the patent.
 
 

 What is a Patent?

 
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 An issued patent is essentially a government-awarded monopoly for a defined period of time (usually 15-20 years). In exchange, the inventor agrees to disclose the invention in sufficient detail so as to enable a person skilled in the same field to make or use the invention. 
 
 

 Why Seek IP Protection?

 

 
Simply put, a lack of patent protection can 
prevent your discoveries from reaching the market place and ultimately, from impacting the patient population.

 

 Who is an Inventor?

 
An inventor is any person who contributes, intellectually, to the claims of the patentable invention. Inventorship is not analogous to authorship, such that not every researcher/author should be listed as an inventor. Patents must identify the true inventors.
 
A non-inventor is a person who does not contribute any original thought to the claimed invention.  
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