COMPUTER ETHICS AND SECURITY
INTELLECTUAL PROPERTY RIGHTS AND PRIVACY
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
IP issues for internal technology development
|
|
|
R&D contract issues
|
|
|
International agreement IP issues
|
|
|
Commercialization/Licensing IP (OIC)
|
Detailed explanation-1: -Intellectual property (IP) is the creative process – the design, formula, expression, and name that defines the reputation of a product and its manufacturer – not the product itself. It is a “property interest in intangibles” and includes copyrights, trademarks, patents, and trade secrets.
Detailed explanation-2: -Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
Detailed explanation-3: -An intellectual property (“IP”’) licensing agreement typically occurs between an IP rights owner (“licensor”) and someone who is authorized to use the rights (“licensee”) in exchange for monetary value in the form of a fee or a royalty, or both.