1. E mpowering I magination A pplying K nowledge E xploring I nnovations T omorrow S eizing O pportunities A ccelerating B usiness I nspiring I nnovations E mpowering I magination A pplying Knowledge Explore S eizing O pportunities A ccelerating B usiness I nspiring T omorrow E mpowering I magination A pplying K nowledge E xploring Innovation T omorrow S eizing O pportunities A ccelerating Business I nspiring T Intellectual Property

2. Patents  It gives you an exclusive right within the US to make, use and sell your invention for a period of years. It must fall into one of these four categories:  Process  Machine  An article of manufacture  Composition of matter

3. Intellectual Property Design Patent— ornamental design of a manufactured item (14 years) Utility Patent— functional features of the invention (20 years) Patents  Cannot be obvious  Must have some utility  Can’t be frivolous or immoral

4. Intellectual Property Copyrights  Literary works  Musical works  Dramatic works  Pantomimes and choreographic works  Pictorial, graphic and sculptural works  Motion pictures  Sound recordings

5. Intellectual Property Trademarks and Trade Names  Trademark is any word (or words), name, symbol or picture or device that a company uses to distinguish its goods from someone else’s.  A related property right is a Service Mark

6. Intellectual Property Trademarks and Trade Names  If you are only going to do business locally, may not be necessary to officially register  If you may go across state or the country, should consider formal registration from the state and the US Patent and Trademark Office

7. Intellectual Property Trade Secrets  Data or information not generally known in the industry that gives a business an advantage over the competition  Formulas  Manufacturing techniques/processes  Customer lists  Computer software (source code)

8. Intellectual Property Helpful Websites: www.uspto.govwww.uspto.gov -- Patents and Trademarks http://lcweb.loc.gov/copyrighthttp://lcweb.loc.gov/copyright -- Copyrights www.irs.govwww.irs.gov -- IRS www.sos.state.ia.uswww.sos.state.ia.us -- State of Iowa SOS