PREVFinLit1 - IG (80p Protected Preview)

COPYRIGHTED MATERIAL

patent grant from a government giving the creator of an invention the sole right to make, use, and sell that invention for a set period of time. IP; the product of human intelligence and creation, such as property created by inventors, musicians, authors, and artists. a form of IP protection of literary, dramatic, musical, and artistic works, giving the author exclusive rights to its use and distribution. word, phrase, symbol or design, that identifies and distinguishes the source of the products of one company from those of others. USPTO; an agency under the U.S. Department of Commerce that issues patents to inventors for their inventions and IP identification. use or copy of the product or product design without written permission from the patent, trademark, or copyright owner. a grant by the patent owner of the right to commercially use or develop an invention for a period of time. WIPO; UN-related forum for fostering a balanced and effective global IP policy. Lesson Objectives By the end of this lesson the student will be able to: 1. Name the countries that currently out-innovate the U.S. 2. Define a business startup. 3. List 10 powerful American companies started by young entrepreneurs. 4. Explain the basic methods of patent , trademark and copyright for protecting intellectual property. 5. Tell five ways business ethics can be unintentionally violated. Gaining Attention Begin instruction by posting slide 10F, reading these company names aloud, or listing them on the board: Google, Disney, Facebook, Apple, Amazon, Harley Davidson, Napster, Microsoft… These companies are huge and powerful. Together, they employ hundreds of thousands of people worldwide, and contribute in a very big way to global commerce. But these companies weren’t always huge and powerful. Each of them started as nothing more than a thought – an idea that popped into someone’s head. Can anyone guess what else these companies have in common? Stay awake in class and you'll find out! SLIDE 10F SLIDE 10G PRODUCT PREVIEW intellectual property prior art copyright the design has previously been invented or disclosed to the public. trademark United States Patent and Trademark Office infringement prototype early sample or test model of a product. license World Intellectual Property Organization

Lesson 10 | A Garage is for More Than Parking a Car 172

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