Posts Tagged ‘IP’

Well, it is not a patent – there is no such thing as a “granted international patent.”  In reality, “PCT” has two meanings. To begin with, it is the official acronym for Patent Cooperation Treaty, which is a binding agreement between numerous countries to cooperate in the action of protecting inventions. However, PCT is also patentspeak for the application that gets filed under the Patent Cooperation Treaty as well as its processes.

Say what? I can imagine the confusion generated by that sentence from here.  🙂

Intellectual Property is a wonderful field, full of discovery and change. It is what drives the world’s commerce… the guiding force behind nearly everything with a price tag. IP is a term that refers to creations of the mind: inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.

IP is divided into two categories:

1) Industrial property: including inventions (patents), brands (trademarks), industrial designs, and geographic indications of source; and

2) Copyright: which includes literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs.