Intellectual Property. Understanding Trademarks
What is Intellectual Property? Main features Use of TM symbols Trade mark protection
Comes from a creative mind Needs protection Confused by people
Intellectual property refers to products coming from a creative mind. Like other kinds of property, intellectual property needs protection from theft and abuse. Sometimes patents, copyrights, and trademarks are confused by people.
A trademark is a type of intellectual property, and typically introduces a name, word, phrase, logo, symbol, design, image, or a combination of these elements (The United States Patent and Trademark Office )
Two names brand name Pepsi ® Coke ® Nike ® Reebok ® generic name cola soda sneaker athletic shoe
The term "trademark" is often used to refer to any type of mark that can be registered with the United States Patent and Trademark Office (Inventors.com) Two types of marks Trademarks Service marks
Trademarks – to identify goods distributed natural manufactured produced sold physical commodities
Service marks - to identify service & intangible activities
The trademark symbol To indicate any mark to be a trademark Company does not need to receive permission The registered trademark symbol May only be used after a Federal registration May not be used while the Federal application is pending
Trademark - a form of property Use in the marketplace Registration of the mark
A registered trademark confers a bundle of exclusive rights upon the registered owner, including the right to exclusive use of the mark in relation to the products or services for which it is registered (The U.S. law)
The law allows to prevent unauthorized use of the mark in the United States - first use the trademark in commerce Other countries - the goods or services must occupy a highly significant position in the marketplace
If a trademark has not been registered: some jurisdictions offer protection through the tort of passing off trading under an unregistered trademark start using the same or a similar mark
If a trademark has been registered: easier for the owner to demonstrate trademark rights enforce the rights through an infringement action ! Unauthorized use of a registered trademark damages an infringement lawsuit
Trademarks: commercial source indicators distinctive signs of certain goods or services protects words, names, symbols… a subject to various protection and limitations
TM must be registered and renewed if not - consumers would be seriously harmed unaffiliated firms could sell products fake drugs could potentially cause damage
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