Inventions have to meet three main criteria to become a patent:
(Note: to be patented, full disclosure of the technology must be provided.)
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There are fourth types of intellectual property: patents, trademarks, and copyrights, and trade secrets.
Trademarks a recognizable sign, design or expression which identifies products or services. Examples: Nike check mark logo, Burberry check pattern.
Trade secret is s carefully guarded information that represents a competitive advantage for a business. To be considered a trade secret, information must clearly contribute to a company's future revenue and must be unknown to all competitors. Some of the famous examples are: Coca -Cola formula, Google Search algorithm, WD-40, KFC recipe etc.
A new invention for which a patent application has not been filed yet should be treated as trade secret. Once filed patent is not a secret.
What is a patent?
A patent is a monopoly right to the exclusive use of an invention. A patent lasts for a maximum period of 20 years dating from when the application for the patent was filed. To keep it in force during this period annual renewal fees have to be paid, starting from the first (Canada, US) or fourth anniversary (UK) of the filing date.
These are some of the titles in our collection. If you want to suggest book for purchase, please email us detailed bibiolgraphic information at firstname.lastname@example.org
There are 3 main types of patents: