About Lesson
Types of Intellectual Property Rights (IPR):
- Trade Secret:
- Refers to non-disclosure of formula/recipe for a long period or unlimited duration.
- Patent
- Refers to right granted by a government to an inventor to exclude others from imitating, manufacturing, using or selling the invention for commercial use during a specified period.
- Lasts normally for 15-20 years.
Patent requirements:
(i) there must be an “invention”, belonging to any field of technology.
(ii) the invention must be “susceptible of industrial application”.
(iii) the invention must be “new”.
(iv)the invention must involve an “inventive step”.
- Copy right:
- When certain intellectual property is not patentable, they are protected by copyright.
- It is a legal term used to describe the rights that creators have over their literary and artistic works.
- Examples: authored and edited books, audio, videos, computer software, etc.
- Plant breeder right:
- Refers to right granted by government to a plant breeder to exclude other from producing or commercializing the material.