LEGL 215 Lecture Notes - Lecture 8: No Electronic Theft Act, Good Housekeeping, Trade Secret
Document Summary
Key points - chapter 8 intellectual property rights. Intellectual property: any property resulting from intellectual, creative processes the product of an individual"s mind. Article i, section 8 empowers congress 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. Laws protecting patents, trademarks, and copyrights are explicitly designed to protect, nurture, and reward inventive and artistic creativity. Licensing: an intellectual property owner may license another party to use the owner"s trademark, copyright, patent, etc. for certain purposes. A licensor must maintain some form of control over the nature and quality of goods or services sold or rendered under the license. Trademark: a distinctive mark, motto, device, or emblem that a manufacturer stamps, prints, or otherwise affixes to the goods it produces so that they may be identified on the market and their origins made known.