What is intellectual property?
- Intellectual property (IP) refers to creations of your mind:
- inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.
- Films, games, paintings, photographs, fashion designs, recipes even.
In order for a third person to use IP, permission has to be requested, some IP owners would let you use it for an amount of fee, some let you use it for free, depending on how their property will be perceived by the viewers.
What are IPs?
• Trade marks
• Registered designs
• Copyright
How long do patents last?
- Patents - max 20 years
- Trademarks and Logos – for ever –
- Renew every 10 years
- Design Rights
- Up to 25 years
- Renew every 5 years
- Copyright
- Until 70 years after death
This lecture was an eye opener because infringing a copyrighted property can lend you into a lot of trouble, some people have been fined up to £250 000 and some have even faced imprisonment. The owner of Mega-upload is on an ongoing trial and it is thought that he may get 20 years in prison, for uploading tones of blockbusters movies and tv shows all for free of charge. He's made money over the years through advertisement, as his site was one of the most popular in the world.
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