Regulating the Frontiers of Science, Technology, Innovation (STI) and Research and Development (R&D)
Understanding IP, “If HP knew what HP knows, we would be three times as profitable." Lewis Platt Chairman, Hewlett-Packard Intellectual property, as defined by Chris Fitzsimmons and Tim Jones in Managing Intellectual Property, offers a lot of different instruments that can be used to exploit new ideas that an individual or a company has created. Example: IBM uses their IP to generate their annual revenue from licensing TV, like Netflix, for the revenue of their originators. It came out as a result of the Uruguay Round, as businesses untested in developed countries demonstrated a profound prosperity in engaging in business, achieving a consensus in favour of IP protection and thus negotiating the TRIPS agreement. Patents: protection of innovations from being copied or repeated Copyright: creative output whether words, music or media Trademarks: -protection of signs that distinguish products and services Design rights: external appearance o...