Transcript Youth Entrepreneurship at Iowa

Intellectual Property
Empowering Imagination Applying Knowledge Exploring Innovation
Tomorrow Seizing Opportunities Accelerating Business Inspiring T
Innovations Empowering Imagination Applying Knowledge
Explore Seizing Opportunities Accelerating Business Inspiring
TEomorrow
mpowering Imagination Applying Knowledge Exploring Innovations
Tomorrow Seizing Opportunities Accelerating Business Inspiring
Intellectual Property
Patents
 It gives you an exclusive right within the US
to make, use and sell your invention for a
period of years. It must fall into one of these
four categories:
 Process
 Machine
 An article of manufacture
 Composition of matter
Intellectual Property
Patents
 Cannot be obvious
 Must have some utility
 Can’t be frivolous or immoral
Design Patent— ornamental design of a
manufactured item (14 years)
Utility Patent— functional features of the
invention (20 years)
Intellectual Property
Copyrights
 Literary works
 Musical works
 Dramatic works
 Pantomimes and choreographic works
 Pictorial, graphic and sculptural works
 Motion pictures
 Sound recordings
Intellectual Property
Trademarks and Trade Names
 Trademark is any word (or words), name,
symbol or picture or device that a company
uses to distinguish its goods from someone
else’s.
 A related property right is a Service Mark
Intellectual Property
Trademarks and Trade Names
 If you are only going to do business locally,
may not be necessary to officially register
 If you may go across state or the country,
should consider formal registration from the
state and the US Patent and Trademark
Office
Intellectual Property
Trade Secrets
 Data or information not generally known
in the industry that gives a business an
advantage over the competition
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Formulas
Manufacturing techniques/processes
Customer lists
Computer software (source code)
Intellectual Property
Helpful Websites:
www.uspto.gov -- Patents and Trademarks
http://lcweb.loc.gov/copyright -- Copyrights
www.irs.gov -- IRS
www.sos.state.ia.us -- State of Iowa SOS