patents and intellectual property for business students

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Finding Intellectual Property Information John Meier [email protected] Science Librarian Pennsylvania State University http://www.libraries.psu.edu/psul/ researchguides/patents.html

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Discussion for intellectual property issues for an upper level business course.

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Page 1: Patents and Intellectual Property for Business Students

Finding Intellectual Property Information

John [email protected] Librarian

Pennsylvania State University

http://www.libraries.psu.edu/psul/researchguides/patents.html

Page 2: Patents and Intellectual Property for Business Students

I am not a lawyer

Page 3: Patents and Intellectual Property for Business Students

“The Congress shall have the power to promote the progress of

science and useful arts by securing for limited times to authors and inventors the

exclusive right to their respective writings and discoveries.”

U.S. Constitution, Article 1, Section 8

Page 4: Patents and Intellectual Property for Business Students

Four types of intellectual property• Patents

– Exclude others from making, using or selling their invention

• Copyright– Author’s original creative work

• Trademark– A logo or name for a product is protected in a

particular industry and geographic region

• Trade secret– idea or invention protected by secrecy

Page 5: Patents and Intellectual Property for Business Students

Multiple Types of Patents• Utility patents - functional or structural novelty

Examples: Light bulb or the “comb-over”

• Design patents - ornamental designs

Example: An athletic shoe sole design

• Plant patents - varieties of plants

Example: Poinsettia plant named “Eckaddis”

Page 6: Patents and Intellectual Property for Business Students
Page 7: Patents and Intellectual Property for Business Students

Limited time

• Copyright = Life of the author + 70 years

• Utility patents = 20 years from filing date• Design patents = 14 years from issue date

• Trademarks = Renewed as long as product in the market

Page 8: Patents and Intellectual Property for Business Students

Exclusive rights

• Copyright = Automatically protected from unauthorized copying, registration is not required, but provides legal advantages

• Patent = Registration gives the right to exclude others from making, using, or selling the invention

• Trademark = Registration gives the right to exclude others from using the trademark in a particular industry and the trademark must be “well known”

Page 9: Patents and Intellectual Property for Business Students

Criteria for Copyright

• Copyright– must be original– cannot consist solely of facts

“write a paper or a book, develop a computer program, send an e-mail, or take a photograph, you automatically own copyright to that work” - American Chemical Society

Page 10: Patents and Intellectual Property for Business Students

Criteria for Trademarks

• Trademarks– can be a word, phrase, symbol or design– must already be used in interstate commerce

(with some exceptions)

Page 11: Patents and Intellectual Property for Business Students

Criteria for patentability

• Utility - must be useful, or have a use• Novelty - must be new, no “prior art” Non-obvious - the difference between existing art and

the invention must be sufficiently great as to warrant a patent

Page 12: Patents and Intellectual Property for Business Students
Page 13: Patents and Intellectual Property for Business Students

Novelty and Priority

0 month, Smith invents+6 months, Smith publishes+3 months, Smith files patent application (9 months)

Smiths application prevails because her publication is within the one-year grace period

Page 14: Patents and Intellectual Property for Business Students

Novelty and Priority

0 month, Green invents+1 month, Smith invents+6 months, Smith publishes+3 months, Green files patent application (10 months after invention)

Green`s application fails because Smith`s paper is prior art

Page 15: Patents and Intellectual Property for Business Students

Novelty and Priority

Boucher, P. (2012) Recent developments in US patent law.Physics Today http://dx.doi.org/10.1063/PT.3.1397

Page 16: Patents and Intellectual Property for Business Students

Non-obvious or inventive step

1. identifying the closest prior art2. in the view of the closest prior art, determine

the technical problem which the invention addresses and successfully solves

3. examining whether or not the claimed solution to the objective technical problem is obvious for the skilled person in view of the state of the art in general.

Page 17: Patents and Intellectual Property for Business Students

How long for a patent to be approved?

• Application Filed• First Office Action Received• Response to Office Action Filed• Patent Allowed• Patent IssuedAt this time it takes an average of 34 months.• You can search in Public PAIR (Patent Application

Information Retrieval) for more information

Page 18: Patents and Intellectual Property for Business Students

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How much does it cost to get a patent?

Large Entity Fees-Starting at around $2000-Maintenance for 20 years $9000

Small Entity Fees-Starting at $1000 for a patent-Maintenance for 20 years $4500

Micro Entity (no more than 4 apps)-Starting as low as $500 for a patent

Subject to change frequently, only includes fees due to the USPTO

Page 19: Patents and Intellectual Property for Business Students

How much does it cost to get a patent?

• The cost to obtain a U. S. Patent averages out to $20,000 (highly variable)

• Foreign patents can raise the expense to over $100,000 very easily

• The patent holder is responsible for bringing legal suit against infringement. Cases can be very slow or very expensive, costing millions of dollars– Courts may award lost profits, damages, and legal fees to

the plaintiff (patent holder)

Page 20: Patents and Intellectual Property for Business Students

Benefits of getting a patent

• They give the inventor the opportunity to produce and market the invention himself, or license others to do so, and to make a profit.

• A license agreement allows the patent owner to grant rights to a commercial entity that wishes to practice the patent in return for payment.

In December of 2012, US District Courts found Marvell Technology Group infringed on Carnegie Mellon University patents and awarded $1.17 Billion in damages.

Page 21: Patents and Intellectual Property for Business Students

Parts of a Patent

The “Front Page”

• Patent Number• Filing Date and Issue Date• Title of the Invention• Inventor(s) • Assignee(s)• U.S. CL. and Field of Search

are Classification• References Cited• Representative Drawing

Page 22: Patents and Intellectual Property for Business Students

Parts of a Patent

The Disclosure

• Background of the Invention

• Brief Summary of the Invention

• Detailed Description of the Invention

• Claim(s)– Define the boundary of

legal protection

Page 23: Patents and Intellectual Property for Business Students

Search Strategies

• Patent Number Searching– Ex: 7294753

• Search by a known field: inventor or assignee– Ex: “Jobs, Steven” or “Apple Inc”

• Classification Searching– Ex: CLASS 800 = multicellular living organisms– SUBCLASS 800/4 = method of using a transgenic

nonhuman animal to manufacture a protein…

• CPC Class “A01K 2217/05”

Page 24: Patents and Intellectual Property for Business Students

Search Tools

• U.S. PTO Website – Free database of U.S. patents – limited searching

http://patft.uspto.gov • Google Patents – Full text searching of all patents

along with PDF files for downloadinghttp://www.google.com/patents • esp@cenet – European patent office website that

provides a search engine of worldwide patentshttp://worldwide.espacenet.com/

Page 25: Patents and Intellectual Property for Business Students

Custom Databases

• Patent Lens http://www.patentlens.net/ – Legal and genetic sequence data

• Patent Scopehttp://patentscope.wipo.int/search/en/search.jsf – Some visual display tools

• Non-patent literature– Scholarly journal and newspaper databases– Lionsearch

http://psu.summon.serialssolutions.com/

Page 26: Patents and Intellectual Property for Business Students

Finding Trademarks

• Why search trademarks?– Discover if a word or mark is already registered

• Search Tools– TESS and TEAS – free databases from the U.S.

trademark office for trademarks and applications– You can do a visual or a text based search

• Design Codes are used for image searching• Use wildcards “*” and “$” to find spelling variations

Page 27: Patents and Intellectual Property for Business Students

Resources available at the PTRC

• Patents on disc for large downloads• Publications of the USPTO

– Handouts and help sheets– Fee information (up to date)

• Books on patents, trademarks and inventing and how to search for IP information– Patent Pending in 24 Hours– Trademark : legal care for your business & product

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