ENDS 101 Lecture 2

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Guest Speaker

Intellectual Property (IP)

• Patents
• Copyrights ©
• Trademarks TM (R)
• TRade secrets

Under Constitution:

Congress shall have the power To promote the Progress of Science and useful Arts, by securing for limited Times to Authors and Inventors...

Patents

• Protect assets
• Licensing and marketing of ideas

Example successful patent:

• Beta sweet carrot: higher in vitamins.
• 1015 Y Onion: sweeter and not as strong
• ET guardrail ends.

4 kinds of patents:

1. Utility
2. Design
3. Plant Variety (literally; flowers, grass, fruits, veggies)
4. Provisional

There are millions still in the pipeline.

A contract with the government: The inventor teaches the world about his invention, and in return, the inventor gets exclusive production rights for 20 years.

A patent costs $30,000 total.

The "claims" section defines the boundaries of each patent.

Patentability:

1. New
2. Useful
3. Not obvious