Comments on: IP Protections? It is not only about patents!

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By: Vicki

Vicki — Fri, 05 Jun 2009 09:57:47 +0000

Whether or not to go down the trade secrets or patents route is a perennial question that inventors face.

The obvious advantage of trade secrets over patents is that the protection continues indefinitely until the trade secret enters the public domain, as opposed to the 20-year patent term. The Coca-Cola recipe has remained a trade secret since possibly 1885. Also, there are no filing costs or regulatory compliance to speak of.

However, if a product risks being reverse engineered, patent protection is recommended. A patent registration confers upon the owner the right to prevent third parties from making commercial use of the patented product whereas trade secrets do not provide such a remedy.

By: yzlee

yzlee — Tue, 17 Mar 2009 02:45:14 +0000

Basically a smart company will always keep a record on the kind of Intellectual property that is being created in the course of its business. It does not matter who is responsible for creating the IP as the idea can come from someone in the frontline service or another staff from the back office. The important issue is that a company must have the means and systems in place to identify the IP that is being created so that proper protection can be attain for it to fully benefit the company.

By: Ding Yi Xin

Ding Yi Xin — Sat, 28 Feb 2009 15:53:38 +0000

I am also interested to learn about the factors which affect the companies’ decision to patent or not to patent.

Given that patents are only valid for a certain period of time, when will it be of commercial sense to patent? Should a company decide to patent, what can it do about an imminent patent expiry? For example, Pfizer’s Lipiton is going to expire in two years’ time. Is there any way for Pfizer to continue to gain a competitive edge over other generic versions?

By: Xinyi

Xinyi — Tue, 24 Feb 2009 07:05:03 +0000

Interesting! I never these differences. I am excited to find out more about how companies decide when to patent or keep as trade secret through the upcoming BioBiz Conference =)