Provide two examples each of a common or well-known patent, trade secret, copyright, and trademark from your own field of work or research if possible (not from the book). Explain in a few sentences why the example you chose falls under that particular category of IP. If you were to use a patent, trade secret, copyright, and trademark to protect yourself today, how long could each protect you? When you complete and publish your dissertation, what type of IP will protect your work?
Length: 1-2 pages not including title and reference pages or appendices
References: At least 6 references (one for each type of registerable IP)
Your paper should demonstrate thoughtful consideration of the ideas and concepts that are presented in the course and provide new thoughts and insights relating directly to this topic. Your response should reflect scholarly writing and current APA standards. Be sure to adhere to Northcentral University's Academic Integrity Policy. Week 1 - Assignment 2: Determine the Proper IP to Pursue Patents have been established to stimulate innovation based on the economic incentive theory. While patents can be used to protect IP, they come with the tradeoff of making the invention public knowledge and a resource for other inventors. For example, a patent for a new drug could protect the original manufacturer for many years to cover the cost of invention. However, as soon as the patent has expired other companies could flood the market with low-cost, generic versions of that drug, taking advantage of the information in the published patent. As a researcher, it is imperative to understand the economic incentive theory. Patent research plays a crucial role in new product development. In a 300- to 500-word response, discuss what would effect your decision making in pursuing a patent, or keeping the technology a trade secret, if you were involved in the development of a new technology. Discuss what types of technology are best suited for protection by patents and which should potentially be held as trade secrets. What are the advantages and disadvantages of each?
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