What is IP?
Intellectual Property, or IP, is a term for intangible property rights which are a result of intellectual effort in the scientific, literary, industrial or artistic fields. These are legal rights, which are enforceable in a court of law, subject to conditions for their validity being fulfilled.
The main types of IP are confidential information, patents, trademarks, copyright, semi-conductor layout designs, geographical indications and registered designs.
IP rights can arise either automatically, as in the case of copyright, confidential information, unregistered marks and geographical indications; or only when applied for, as in the case of patents, trademarks and registered designs. Many technologies may be protected by more than one type of IP right as the protection operates in different ways. Hello.
Why Bother With IP?
The benefits of a properly maintained and consolidated IP portfolio are two-fold:
1. A*STAR is able to maintain its dynamic and unencumbered research environment through the continual expansion and consolidation of its IP portfolio; and
2. IP generated at A*STAR, as the driver and generator of IP in Singapore, is geared towards benefiting industry.
Who Is Owner Of IP?
Ownership of all IP generated by employees of A*STAR Research Institutes during their period of employment is automatically assigned to A*STAR Research Institutesby virtue of the employer-employee relationship; these IP are in turn consolidated with A*STAR as the owner. On the other hand, inventorship or authorship will always be attributed to the IP creator even though not being the owner.
What Rewards Are There For IP That Is Commercialised?
If the IP is commercialised, net cash receipts of commercialisation income that accrues to A*STAR is subject to deductions of 15% for Exploit Technologies' overhead and commercialisation costs, all IP protection costs and payments to third parties. The balance is allocated as follows - 1/3 to inventors, 1/3 to the research institute(s), and 1/3 to A*STAR. Payment is subject to the relevant inventor contact information being formally conveyed to Exploit Technologies or A*STAR, and continued support in the IP protection by the inventor.
What Is A Patent?
A patent is a monopoly right granted by a government to the owner of the patent for a limited period to exclude others from using that invention. In IP jargon, this is a negative right to prevent others from using the invention without permission. In return, the applicant has to FULLY DISCLOSE his invention to advance the state of the art.
Patents only protect inventions that are NEW, INVENTIVE and INDUSTRIALLY APPLICABLE. Typically, only after a patent office examiner determines that a filed application fulfills all three patentability criteria is a patent then granted.
NEW = NOT IN THE PUBLIC DOMAIN