PERFORMANCE ACTIVITY #2 (2nd Quarter) INTELLECTUAL PROPERTY CODE
The concepts that underpin the protection of ideas and inventions are not new such laws have been around for several hundred years and are discussed under the broad heading of intellectual property. IP is easily misunderstood, but at the same time most scientists, investors and artist encounter it at some point in their career, as it is a necessary feature in the commercialization of research. Any money spent on IP is capital that cannot be spent on production and marketing so think carefully about why you are investing in protecting your IP. There are many good reasons why invest in protecting your works or businesses, first of all to stop people from copying you, to add value to your company if you want to sell it, to sell or license to a third party, to hold it in your armoury if you suspect you are going to be sued and want to countersue even to reduce your tax bill countries profits attributed to patents can be taxed at a lower rate.
Violation of intellectual property rights, with regard to patents, copyright, and trademarks, and misappropriation with respect to trade secrets, can be a breach of civil law or criminal law, which depends on the type of intellectual property involved, the jurisdiction, and the nature of the action. Patent infringement is the using or selling of a patented invention without permission from the patent holder. Permission is typically granted in the form of a license. In many countries, a use is required to be commercial to constitute patent infringement. Except if you are using some copyrighted work for fair use such as commentary, criticism, reporting, research and teaching purposes.
The agency of the government in charge of the implementation of the Intellectual Property Code in the Philippines is the Intellectual Property Office, which replaced the Bureau of Patents, Trademarks and Technology Transfer. It is at present divided into six bureaus, this are Bureau of Patents, Bureau of Trademarks, Bureau of Legal Affairs, Documentation Information and Technology Transfer Bureau, Management Information System and EDP Bureau and Administrative Financial and Personnel Services Bureau.
Violation of intellectual property rights, with regard to patents, copyright, and trademarks, and misappropriation with respect to trade secrets, can be a breach of civil law or criminal law, which depends on the type of intellectual property involved, the jurisdiction, and the nature of the action. Patent infringement is the using or selling of a patented invention without permission from the patent holder. Permission is typically granted in the form of a license. In many countries, a use is required to be commercial to constitute patent infringement. Except if you are using some copyrighted work for fair use such as commentary, criticism, reporting, research and teaching purposes.
The agency of the government in charge of the implementation of the Intellectual Property Code in the Philippines is the Intellectual Property Office, which replaced the Bureau of Patents, Trademarks and Technology Transfer. It is at present divided into six bureaus, this are Bureau of Patents, Bureau of Trademarks, Bureau of Legal Affairs, Documentation Information and Technology Transfer Bureau, Management Information System and EDP Bureau and Administrative Financial and Personnel Services Bureau.
Comments
Post a Comment