Introduction
Intellectual Property or IP used to be known as industrial property. With the inclusion of various other works such as art and trading names which involved 3 basic elements – time, effort and money, the term changed from industrial property to intellectual property. The basic tenets for qualification of IP protection are novelty and distinctiveness.
IP registrations or regulations began from 1700s. IP basically covers the following:
1. Trademarks
2. service marks
3. copyright
4. patent
5. design
6. an extension to protection of IP are trade secrets and confidentiality.
IP rights may be a bundle or rights such as in copyright and a complete monopoly such as in patents. It may be a limited protection such as designs or last forever such as trade / service marks. There may be alternate forms of protection of IP, for instance, protection of a 3-dimensional representation by a 2-dimensional representation. If it can be proven that independent time, effort and money have been expended to arrive at a product, it may form a separate subject matter of IP protection.
3 tips on protecting your IP
1. Convert your idea into a tangible form – on paper, digital media, scraps, models
2. Use documentation to protect or prove your IP
3. Register your IP in countries you are most likely to use or where your IP may find application
With the advent of internet and new technologies such as AI, blockchain and machine learning, global application of IP has taken on different forms and one has to be more careful of violations apart from possibility of IP violation, misappropriation, infringement or passing off. Aspects of defamation by libel may also be covered in social media. Documents like confidentiality agreements, intra-companies and inter-companies are critical in IP.
Individuals or companies strive to popularize their trademarks. But in doing so, they run the risk of losing their rights when it becomes generic. Some interesting examples where you may not have know were real trademarks, but turned victims of genericization are provided below. The actual description, origination and generic names and its company owners have been included next to them.
1. Aspirin – acetylsalicylic acid; Bayer AG
2. Heroin – derived from “heroisch”, a German word; Bayer AG
3. Band-Aid – adhesive bandage or medicated plaster; Johnson & Johnson
4. Cellophane – regenerated cellulose and diaphane
5. Escalator – letter “e” + “scala”, meaning steps in Latin; Otis Elevator Co.
6. Trampoline – from “trampolin” a Spanish word for diving board
7. Thermos – vacuum flask, from the Greek word “therme” meaning heat;
8. Kerosene – combustible hydrocarbon liquid; The North American Gas Light Company
9. App store – an online store for applications; owned by Apple who abandoned it in 2013
10. ZIP code – Zone Improvement System; United States Postal Service
11. Zipper – another noun for the generic “zip”; B. F. Goodrich
12. Xerox – photocopy; Xerox Corporation
Some trademarks which are being used generically and are already generic in some countries:
1. Kleenex – facial tissue; Kimberley-Clarke
2. Frisbee – flying disc; Wham-O
3. Bubble Wrap – inflated cushioning; Sealed Air
4. Adrenalin – Epinephrine: Parke-Davis
5. Hula-hoop – toy hoop; Wham-O
6. Jacuzzi – hot tub; Jacuzzi
7. Memory stick – flash memory storage device; sony
8. Styrofoam – extruded polystyrene foam; Dow Chemical Company
9. Superglue – Cyanoacrylate adhesive; Super Glue Corporation
10. Velcro – hook and loop fasteners; Velcro Company
In fact, your word processor may not even register these as incorrect spellings and who would use the generic or correct name for some that are more appropriately named trademarks!
For partnerships, speaker and general business enquiries with 2iB Partners:
Contact Person | Dylan Tan |
Designation | COO |
Dylan@2ibpartners.com |
YOU MAY LIKE
The Future Employee
The future is now. Well, in some cases, the future is past. The sci-fi movie Blade Runner, made in 1982 and 2017, set the future in 2019. It got some things right (or at least headed that way in terms of flying cars and “android” helpers) and some things wrong (like...
Philippines 4.0 Skills Conference | 20-21st Nov
In conjunction with Philippine Trade Training Center, Global MSME Academy, Thames International and accelebator, 2iB Partners will be speaking on Emerging Trends in Retail, HR Transformation and how to internationalize your business. Learn from 12 different...
Mergers & Acquisitions – simplified. Or, a practical guide
M&A process
1. Strategy
2. Identification
3. Preliminary Due Diligence
4. Expressions of Interest
5. Detailed Due Diligence
6. Definitive Documentation
7. Post M&A
1. Strategy:
M&A begins with an idea in a company that helps it increase market share and access, t
Is having a Corporate Social Responsibility (CSR) program just a cost to your company?
Developing great companies that give back is more about devising a clear Corporate Social Responsibility (“CSR”) program aligned with the company’s goals and values rather than forcefully integrating CSR with their business strategies and goals. Instead of passing it off as a short term marketing gimmick, CSR should be seen as a long term investment strategy.
3 Key Notes Before Entering a New Market [Video & Transcript]
The above is a video taken during one of 2iB Partners master class where our advisor Mr. Richard Eu answers a question on “3 Key Notes Before Entering a New Market” by a business owner, Mr. Peh Zheng Yang. [Begin Transcript] Mr. Peh: You mentioned something like for...
Why is Instagram a Vital Part of your Marketing Strategy
Throw a stone and you will probably find someone who is taking a photo to post on Instagram. There has also been a strong push for consumer centric businesses to produce and develop products that are “Insta-worthy”. Whether it’s