The terms patent and intellectual property are frequently utilised interchangeably. In some respects, these terms are indeed interchangeable. All patents are the intellectual property of the inventor or inventors. However there are distinct differences in each and every category. Patents can be bought and sold, as can intellectual property. Patents can be licensed, as can other forms of intellectual property. Both intellectual property and inventions may possibly belong to the creator’s employer if it was created as component of their employment. Patents and intellectual property rights in one nation could automatically carry that protection to other nations, based on treaties they have signed. Theft of intellectual property, including patented inventions, can be fought by suing those who replicated the content or creation with out permission. Nevertheless, intellectual property includes written works, musical … Read entire article »

Caveat emptor, a pig in a poke, and let the cat out of the bag! Most individuals are familiar with at least two of these. When dealing with the software industry, all three ought to be remembered. Sellers have never had sterling reputations for honesty. lf they had, the 3 expressions cited above would by no means have attained a place in widespread usage. Putting a cat in a bag and selling it as a pig gave rise to the latter two expressions. The smart buyer, the buyer who took the caveat to heart, opened the bag just before putting down his funds and let the cat out. Software manufacturers have foisted the impression on the public that software program is intellectual property, but there are so numerous differences between the paradigms … Read entire article »