1. ENTREPRENEURSHIP Lecture No: 18 BY CH. SHAHZAD ANSAR

2. LEGAL ISSUES FOR THE ENTREPRENEUR

3. Intellectual Property  Any patent, trademark, copyrights or trade secrets held by the entrepreneur  It includes 1. Need for a lawyer 2. Hiring a lawyer

4. Patent A patent is a contract between the government and an inventor. A patent is a contract between the government and an inventor. The government grants the inventor exclusivity for a specified amount of time. The government grants the inventor exclusivity for a specified amount of time. At the end, the government publishes the invention, and it becomes part of the public domain. At the end, the government publishes the invention, and it becomes part of the public domain. The patent gives the owners a negative right, preventing anyone from making, using, or selling the invention. The patent gives the owners a negative right, preventing anyone from making, using, or selling the invention.

5. Types of Patent Utility Patent Most patents fall into the utility patent category. Most patents fall into the utility patent category. Utility patents are subdivided into mechanical, electrical and chemical categories. Utility patents are subdivided into mechanical, electrical and chemical categories. utility patent protects the way an invention is used and works. utility patent protects the way an invention is used and works. Utility patents may be granted to anyone who invents a new and useful method, process, machine, device, manufactured item, or chemical compound. Utility patents may be granted to anyone who invents a new and useful method, process, machine, device, manufactured item, or chemical compound.

6. Types of Patent Design Patents A design patent is a patent granted on the ornamental design of a functional item. A design patent is a patent granted on the ornamental design of a functional item. Design patents are a type of industrial design right. Design patents are a type of industrial design right. Ornamental designs of jewelry, furniture, beverage containers and computer icons are examples of objects that are covered by design patents. Ornamental designs of jewelry, furniture, beverage containers and computer icons are examples of objects that are covered by design patents.

7. Types of Patent Plant patents: Plant patents typically grant the plant breeder control of the propagating material (including seed, cuttings, divisions, tissue culture) and harvested material (cut flowers, fruit, foliage) of a new variety for a period of 17 years. Plant patents typically grant the plant breeder control of the propagating material (including seed, cuttings, divisions, tissue culture) and harvested material (cut flowers, fruit, foliage) of a new variety for a period of 17 years. With these rights, the breeder can choose to become the exclusive marketer of the variety, or to license the variety to others. With these rights, the breeder can choose to become the exclusive marketer of the variety, or to license the variety to others. In order to qualify for protection by plant breeders' rights, a variety must be new, distinct, uniform and stable. In order to qualify for protection by plant breeders' rights, a variety must be new, distinct, uniform and stable.

8. The Disclosure document Statement to Patent and Trademark office by inventor disclosing intent to patent idea Statement to Patent and Trademark office by inventor disclosing intent to patent idea This document is important when two entrepreneurs are filing for patents on similar inventions This document is important when two entrepreneurs are filing for patents on similar inventions The disclosure document is not a patent application The disclosure document is not a patent application

9. The Patent Application Introduction: Background and advantage of invention Background and advantage of invention Description of invention: It consists of description of drawings according to PTO requirement It consists of description of drawings according to PTO requirementClaims: The criteria through which any infringements is determined The criteria through which any infringements is determined