Patents & IP

    Cards (218)

    • What is the purpose of patenting?
      To establish a business model
    • What are the three main requirements for a patent?
      Novelty, utility, and non-obviousness
    • What does 'non-obvious' mean in patenting rules?
      Not obvious to people in the field
    • What does 'novel' mean in the context of patents?
      Must be an original idea with no prior track-record
    • What does 'utility' refer to in patent requirements?
      Must achieve something useful
    • What is Intellectual Property (IP)?
      Something created using your mind
    • What is a patent?
      Right preventing others from using an invention
    • What does Freedom-to-operate (FTO) mean?
      Ability to pursue business without licensing IP
    • What is a claim in a patent?
      Core part specifying the invention to protect
    • What must patents be to be granted?
      Novel, useful, and non-obvious
    • What are the types of Intellectual Property?
      • Patents: Protection for products and processes
      • Know How: Confidential trade secrets
      • Copyright: Literary and artistic works
      • Database rights: Protects collections of data
      • Design rights: Protects appearance of articles
      • Trade Marks: Protects branding associated with goods
    • Why are patents important in biotech?
      They are a key currency for biotech businesses
    • What is the deal between the state and the applicant in patenting?
      Disclosure for a time-limited monopoly
    • What is the usual time limit for a patent?
      Usually 20 years
    • What can invalidate a patent?
      Previously disclosed ideas
    • What constitutes disclosure in patenting?
      Anything placing an invention in the public domain
    • What is a non-disclosure agreement (NDA)?
      Protects discussions with external colleagues
    • How does a patent differ from an academic paper?
      A patent must describe an invention, not just a discovery
    • What is inventorship in patents?
      Intellectual input into the invention
    • What is the requirement for novelty in patents?
      Invention must not be described in prior art
    • What is the inventive step or non-obviousness requirement?
      Not suggested before in the prior art
    • What does utility mean in patent requirements?
      Must have a real application, not contrived
    • What is the significance of claims in patents?
      Claims define the scope of the patent
    • What is the process to search for patents?
      Use specific online resources and guides
    • What is Freedom to Operate (FTO)?
      Ability to operate without infringing on patents
    • What is the impact of a patent rush in biofuels?
      Can lead to a patent thicket and FTO issues
    • What are the stages and costs of patenting?
      Includes priority application, foreign filings, and examination
    • What are the take-home messages regarding patenting?
      Patenting is crucial for biotech and business
    • What are the key takeaways about patenting in biotechnology?
      • Patenting is essential for business strategy
      • Novel findings lead to greater Freedom to Operate
      • Patents are tangible assets for investors
    • What is the highest priority for individual inventors regarding patents?
      Prevent imitation
    • What does "freedom to operate" mean in the context of patents?
      Having a space to work without infringement
    • What happens if a patent is not granted?
      No protection is provided
    • What is a key aspect of having a granted patent?
      Ability to exploit technology without fear
    • What is a historical business model for universities regarding patents?
      Licensing patents to large companies
    • Why might a company patent something they do not intend to exploit?
      To block competitors from using it
    • What are the three main requirements for a patent?
      Novelty, non-obviousness, utility
    • What does "novelty" mean in patenting?
      Original idea with no prior disclosure
    • What does "non-obvious" mean in the context of patents?
      Idea must be clever and not obvious
    • Why is utility important for a patent?
      It must achieve something useful
    • What is the definition of intellectual property?
      Property created using one's mind