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Full blog here: http://adam-cochran.com/intellectual-property-and-cake/ Join business management consultant Adam Cochran (of www.adam-cochran.com) as he explores the concepts behind intellectual property by comparing patents and trade secrets in an easy comparison. This presentation should serve as a guide to startups and businesses to help better their approach to internal discussions in deciding if they need to apply for a patent. *Disclaimer: Adam Cochran is not an attorney. This is not legal advice. Always consult an attorney when dealing with intellectual property.
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Adam Cochranwww.adam-cochran.com
Understanding Intellectual Property for Startups
IP AND CAKE
Adam Cochranwww.adam-cochran.com
www.adam-cochran.com | Adam Cochran – Business Management Consultant | [email protected] |
• Patents: Government authorized license granting creator exclusive rights over invention for a period of time
• Trade Secret: Method of creation unique to a company, protected by legal contracts and secrecy
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Patent or Trade-Secret?
Adam Cochranwww.adam-cochran.com
www.adam-cochran.com | Adam Cochran – Business Management Consultant | [email protected] |
• Trade Secret: You baked a cake using traditional ingredients (eggs, milk, flour) and traditional methods (mixing, oven, etc) but had the perfect recipe or applications of those methods
• Patent: You baked a cake using an ingredient or process which you invented. It hasn’t been used before and is not just a mixture of existing ingredients or methods.
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Which Do I Want?
Adam Cochranwww.adam-cochran.com
www.adam-cochran.com | Adam Cochran – Business Management Consultant | [email protected] |
Patents require you to publically disclose your recipe and process and only protect your exclusive rights to them for up to 10 years, after which they are publically available.
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Warning #1
Adam Cochranwww.adam-cochran.com
www.adam-cochran.com | Adam Cochran – Business Management Consultant | [email protected] |
Patents are country specific. Even if you patent in your home country someone else can patent it in another market.
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Warning #2
Adam Cochranwww.adam-cochran.com
www.adam-cochran.com | Adam Cochran – Business Management Consultant | [email protected] |
In most countries you can not get a patent after the product has been made available to the public. Always deal with patents before issuing public documents, samples, or sales.
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Warning #3
Adam Cochranwww.adam-cochran.com
www.adam-cochran.com | Adam Cochran – Business Management Consultant | [email protected] |
For more visit:
www.adam-cochran.com/intellectual-property-and-cake/
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Check Out the Presentation
Adam Cochranwww.adam-cochran.com
www.adam-cochran.com | Adam Cochran – Business Management Consultant | [email protected] |
I am not a lawyer. This is not legal advice. This presentation is to help understand the difference between two English terms as they relate to business. Always consult with an attorney when dealing with intellectual property.
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Disclaimer:
Adam Cochranwww.adam-cochran.com
www.adam-cochran.com | Adam Cochran – Business Management Consultant | [email protected] |
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WEBSITEwww.adam-cochran.com
SOCIALtwitter.com/adamscochranSlideshare.com/AdamCochran
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LocationWaterloo, Ontario, Canada
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Adam Cochranwww.adam-cochran.com
www.adam-cochran.comBusiness Management Consulting
THANKS FOR READING!
