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How what you know can hurt you

According to the American Society of Industrial Security, unauthorized technology transfer amounts to an estimated $250 billion annually and this figure is growing. This amount of lost product revenue is amazing, profiting companies that have no legal right to use the intellectual property (IP) that...

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Bibliographic Details
Published in:EDN 1999-06, Vol.44 (13), p.50-54
Main Author: Ford, Randolph J
Format: Magazinearticle
Language:English
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Online Access:Get full text
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Summary:According to the American Society of Industrial Security, unauthorized technology transfer amounts to an estimated $250 billion annually and this figure is growing. This amount of lost product revenue is amazing, profiting companies that have no legal right to use the intellectual property (IP) that generates such large sales. IP is any special knowledge that you can apply to give your company a competitive advantage. The types of special know-how that the law protects fall into four categories: patents, trademarks, copyrights, and trade secrets. Legal protection of these four forms of IP comes from a body of laws that confers ownership of this special knowledge to the originator. Each form of IP has to pass tests for such requirements as novelty, nonobviousness, and proof of originality. Understanding how to protect one's IP begins with the knowledge of each form and of how one form differs from another.
ISSN:0012-7515
2163-4084