Title: INTELLECTUAL PROPERTY RIGHTS
Course: INTRODUCTION TO ENTREPRENEURSHIP > Section: INTELLECTUAL PROPERTY RIGHTS

In this lesson, we introduce you to the concepts of Intellectual Property and intellectual property rights. We define the terms Intellectual Property and intellectual property rights. We also explore the different types and forms of IP rights. As a creative individual and a potential entrepreneur, you are likely to come up with new ideas and it is paramount that you have the knowledge that is used in protection of new ideas and inventions. The purpose of this lesson is to   equip you with the necessary knowledge for protecting your new ideas, innovations and inventions

Introduction

In this lesson, we introduce you to the concepts of Intellectual Property and intellectual property rights. We define the terms Intellectual Property and intellectual property rights. We also explore the different types and forms of IP rights. As a creative individual and a potential entrepreneur, you are likely to come up with new ideas and it is paramount that you have the knowledge that is used in protection of new ideas and inventions. The purpose of this lesson is to   equip you with the necessary knowledge for protecting your new ideas, innovations and inventions

7.1 Learning Outcomes

By the end of this lesson, you will be able to;

7.2.1     Define the terms intellectual property and intellectual property rights

7.2.2        Describe the different types and forms of intellectual property rights

Intellectual Property (IP)

Intellectual Property (IP) refer to all intangible creations of the mind such as inventions, designs, autistic and literary work, symbols, images and names that can be used for commercial gain.  They are categorized as patents, copyrights, trademarks. Intellectual property also includes other types of rights such as trade secrets. Under intellectual property law, the holder of one of these abstract properties has certain exclusive rights to the creative work, invention or commercial symbol by which it is covered. Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time, Intellectual Property affords people the rights to own their creativity and innovation, just as they would own physical property. The owner of IP can control and receive reward for its use, thus encouraging further innovation and creativity for the benefit of society.

 E-tivity 7.2.1 Intellectual Property (IP)

Numbering, pacing and sequencing | 7.2.1
Purpose | The purpose of this e-tivity is to enable you appreciate the importance of IP and the need to protect innovations and other intangible assets.
Brief summary of overall task
Read this linked  article

http://www.wipo.int/edocs/pubdocs/en/intproperty/450/wipo_pub_450.pdf by the World Intellectual Property Organization and

a)      Define the terms intellectual property and intellectual property rights

b)      Explain five importance of IPR
Spark |
Individual task | a)      In a paragraph of not more than 300 words, identify at least two new ideas in the market place and explain why it’s necessary for the Intellectual property owners to protect them.
Interaction begins | a)        Post  two reasons as to why IPR protection is important b)        Provide positive and constructive feedback on the class members ‘views and ideas. Do this on the discussion forum 7.2.1
E-moderator interventions
Your role as a moderator is to ensure:

a)      Ensure that learners are focused on the contents and context of discussion.

b)      Stimulate further learning and  generation of new ideas

c)      Provide feedback on the progress the learners are making.

d)      Round up the e-tivity
Schedule and time | This activity  should take two  hours
Next | Process of protecting your intellectual property

Different types and forms of intellectual property rights

Intellectual property rights are divided into several categories (1) copyrights-These are rights of authors of literary and artistic works (such as books and other writings, musical compositions, sound recordings paintings, sculpture, computer programs and films), This protection is lifelong extends  for a minimum period of 50 years after the death of the author (2) Trademarks- These is the protection of such distinctive signs, names, symbols and  aims to stimulate and ensure fair competition and to protect consumers, by enabling them to make informed choices between various goods and services. The protection may last indefinitely, provided the sign in question continues to be distinctive (3) Patents- A patent gives its owner the right to exclude others from making, using, selling, and importing an invention. Industrial design, utility patterns, innovations for a limited period of time, Patents are protected primarily to stimulate innovation, design and the creation and transfer of technology. The protection is usually given for a finite term (typically 20 years While the basic social objectives of intellectual property protection are as outlined above, it should also be noted that the exclusive rights given are generally subject to a number of limitations and exceptions, aimed at fine-tuning the balance that has to be found between the legitimate interests of right holders and of users.

E-tivity 7.2.2 Different types and forms of intellectual property rights

Numbering, pacing and sequencing | 7.2.2
Purpose | The purpose of this e-tivity is to enable you appreciate the importance of IP and the need to protect innovations and other intangible assets.
Brief summary of overall task | Read the chapter in this link http://www.patentsdemystified.com/wp-content/uploads/2015/01/Patents-Demystified-Chapter-1-Sample.pdf by  Dylan O. Adams   and distinguish among different types of intellectual property rights
Spark |
Individual task | By use  Using real market examples, distinguish among different IP rights.
Interaction begins | Post  your response here in forum 7.2.2 Provide positive and constructive feedback on the class members ‘views and ideas. Do this on the discussion forum 7.2.2
E-moderator interventions
a)      Ensure that learners are focused on the contents and context of discussion.

b)      Stimulate further learning and  generation of new ideas

c)      Provide feedback on the progress the learners are making.

d)      Round up the e-tivity
Schedule and time | This activity should take two  hours
Next | Process of protecting your intellectual property

Cluster

Start of the Quiz

Question 1

Intellectual Property Rights (IPR) protects the use of information and ideas that are of

- Commercial value
- Social gains
- Ethical values
- Intellectual value

Question 2

The term Intellectual property rights does not cover one of the following ;

- Copyrights
- Industrial design
- Patents
- Trademarks

Question 3

One of following cannot be patented. Which one?

- Process of manufacturing
- A machine
- A unique musical sound
- Plant design

Question 4

Which one of the following cannot be exploited by licensing it to others?

- Trademarks
- Copyrights
- Patents
- All of the above
Event: INTELLECTUAL PROPERTY RIGHTS (Lesson opens)