The Four Types Of Intellectual Property

Intellectual property is a form of protection right given to works under federal or state law. It is usually given to works that are copyrightable, new discoveries and invention. Usually, assets that are going to be protected are non-physical. The four types of intellectual property are Copyright, Trademarks, Patents and Trade Secret. Intellectual property has a given set of time of expiry date to encourage further innovation. Copyright and patent usually are not enjoyable for too long while, handled at the state level under the Uniform Trade Secrets Act, can last for a longer time since it is meant for gaining competition against competitors. In the following sections, we are going to discuss the issues that can happen with three subcategories

Educational use is only "fair use" if justified, after examination of all the facts and circumstances.. If any use of copyrighted materials that you propose is likely to substitute for purchase, subscription, or license of the original material and thereby deprive the copyright owner of revenue, that use is likely to be unfair. To acquire permission, we must determine who is the copyright owner of the material we intend to use, contact the owner and obtain permission to use the work in the territory and format intend. Permission fees are negotiable and will vary depending on the amount and nature of the material we intend to use. The records of the Copyright Office, if kept up to date, should tell you who owns the copyright. Copyright Office will search its records on request for an hourly fee. Copyright is a form of intellectual property (as patents, trademarks and trade secrets are), In general, it is illegal for anyone to do any of the things listed above with a work created by you without author’s or creator’s permission, but there are some exceptions and limitations to your rights as a copyright holder. One major limitation is the doctrine of “Fair Use”. The Copyright Act of 1976 (as amended) is the current copyright law and is codified in Title 17 of the U.S.

Trade secrets is design, patterns or even a recipes that were used by a companies to overcome towards their economy strategies such as customers. This sort of secret is clarified as confidential information and were only known to the creator or the companies executives. The Uniform Trade Secret Act or (UTSA) was amended in 1985 and act as an effort to provide better trade secrets in United States. Below is the one of the example violation of trade secrets.

United States v. Aleynikov case. The people involved is Sergey Aleynikov and his former employer, which is Goldman Sachs & Co. (Goldman). Aleynikov, two years worked for Goldman as computer programmer helps to write down the source code of high frequency trading (HFT). Aleynikov downloaded the source code to his personal computer of which he tries to meet with his current company rivals, Teza technologies LLC a financial firm which were located in Chicago. However Aleynikov was arrested by FBI in Newark Liberty International Airport in New Jersey as he came back from meeting with Teza’s