Intellectual property rights protect innovations, sustain differentiation and keep unique products unique
They can also select design elements that can be protected by utility patents and those that can be separately protected by design patents, buying precious time for the product to develop secondary meaning to support trade dress and registered trademark rights. Deliver: And Coca-Cola delivered!
โDistanceโ in Intellectual Property Protection and MNEโs Foreign Subsidiary Innovation Performance Palitha Konara, Georgios Batsakis, and Vikrant Shirodkar kHUB post date: December 8, 2022 Originally published: February 15, 2022 (PDMA JPIM โข Vol. 39, Issue 4 โข July 2022) Read time: 70 minutes Access the Full Article Drawing on the institution-based view of intellectual property (IP) rights, we argue that โdistanceโ in IP protection strength of MNEsโ home and host countries reduces the ability of MNEs to innovate at foreign subsidiary locations
There is an obvious cost and benefit trade-off between exclusive rights where one company can turn around and sub-license to multiple applications, and non-exclusive rights where you control where the license is used. Third, a patent holder may sell outright all rights to the patent (known as an assignment). This is a sale in every sense of the word. By selling the rights to the patent, you are waiving your rights to own, control, modify or further develop the invention described within the patent document
Practitioner Points Firms with active participation of owner family members in organizational decisionโmaking through voting rights tend to pursue fewer inventions in the form of patents
Innovate Carolina: Capturing the Silver Lining: Delivering Opportunities from Disruption PDMA Carolinas | April 22 & 23, 2021 Access the Handouts Clearly, COVID-19 has been a significant business disruption, however this conference is not focused on COVID-19, but on the idea that businesses...
They may even gain rights to intellectual property that can provide a commercial advantage over their competitors
Goldense, Bradford L., "R U an Open Innovator?," Machine Design, March 6, 2014, Volume 86, Number 3, Page 86, ISSN 0024-9114.