1. Introduction
Intellectual property includes the application of property in the areas of trade secrets, patents, trademarks, and copyrights.

2. Justification
More Productivity Of New Resources
Individuals Work Harder To Benefit Selves, Families and Communities
U.S. Constitution – To Promote Science and Arts
Faster R&D
Benefits of Competitive Advantage

3. Business Assets Tangible Intangible Land Knowledge – Based Resources
(Physical)
Land
Equipment
Intangible
(Not Physical)
Knowledge – Based Resources
E.g. Employee Skills & Talents, Inventions, Business Methods

4. Trade Secrets Economic Value Kept Secret (Reasonable Measures Taken)
 Knowledge Or Info
Economic Value
Kept Secret
(Reasonable Measures
Taken)

5. Resource Of Copying & Marketing
Patents
New
Invention
Legal Monopoly In
Resource Of Copying & Marketing

6. Patent – Exclusive Right To Invention
Obtaining a Patent
1. File Application
2. Filing Fee
Patent – Exclusive Right To Invention
3. Explain Invention
Show Difference
From Prior Art
5. Describe Patentable
Aspects

7. Patentability Subject Matter Characteristics Nonobviousness Processes
Machines
Compositions of Matter
Improvements
Certain Plants
Characteristics
Nonobviousness
Novelty
Usefulness

8. Current Patent Issues Business Methods Pharmaceutical Patents
Human Genes

9. Trademarks Marks On What Is Produced To Represent
The Origin Of Goods &
Services
Recognizability Or
Distinctiveness
Protection Against
Confusion

10. Types of Trademarks Lanham Act Of 1946 Trademark Service Mark
Certification Mark
Collective Mark
Trade Dress – Colored Design Or Shape Associated With A Product Or Service

11. Copyright
  Monopoly
Limited Time
Copying
Marketing

12. Copyright Law Property In Creative Expressions Criteria
Original Work
Fixed In A Tangible Medium Of Expression
Must Show Creativity
Authors, Not Inventors

13. Property And Natural Law
Philosophical Divisions
Law Of People
& Gov’t
Natural Law
Property Rights
Part Of Both