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About Intellectual Property
Why intellectual property is important to small and medium-sized enterprises
and their business activities.
Intellectual property (IP), very broadly, means the legal rights that
result from intellectual activity in the industrial, scientific, literary
and artistic fields. IP rights,
whether in the form of patent,
trade-marks,
copyrights,
industrial designs,
integrated circuit topographies,
or plant breeders' rights reward this intellectual activity.
The Canadian Intellectual Property Office (CIPO), a special operating
agency of Industry Canada, administers most of Canada's IP laws and
regulations to ensure that they meet present and future client needs
and best contribute to the Canadian economy. First, CIPO grants or
registers ownership for the following five types of IP: patents, trade-marks,
copyrights, industrial designs and integrated circuit topographies.
Second, it makes accessible to the public the details of new innovations
registered in Canada, thereby encouraging further economic activity.
CIPO's core functions reward and encourage innovation and the use
of IP by granting IP rights, maintaining a responsive IP framework, and
ensuring that the IP data collected by CIPO is available to all its
clients, in Canada and abroad.
Some Canadian small and medium-sized enterprises
(SMEs) assume that
the IP rights are not so important mostly because they do not fully
understand the IP benefits and implications. There are many SMEs
that have very valuable IP rights but they don't use them effectively.
Other SMEs are occasionally involved unintentionally in violating
the IP rights
of others without being aware of the legal consequences for doing
so. Further, the lack of IP rights may be very damaging to a SME's
ability to offer low-cost and especially differentiated products or services
to its customers. The present IP Toolkit is intended to make you
better understand the implications of IP to your business activities.
Next: The "role of IP" >
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