Intellectual property(IP)
Introduction
i. Reward and compensate creative individuals.
ii. Qualified monopoly to enable creative individuals to gather "commercial fruits" accruing by reason of their talent/labours.
iii. Benefit society by encouraging creative individuals to develop additional intellectual products which ultimately encourage future progress and development
iv. IP is an important business asset:
· Commercial exploitation of which underpins and compliments successful and aggressive marketing and brand awareness campaigns;
· Culminating in achieving a competitive advantage in the marketplace.
v. IP is multi-faceted, of underrated strategic value and, if properly exploited, serves as a mechanism to:
· Successfully launch new products/services in unchartered territories;
· Examine merger opportunities;
· Block/frustrate competitors;
· Financing or investment (once valued).
What is a trade mark and how does it function?
i. A brand?
ii. A badge of origin?
iii. A badge of quality?
iv. An advertising device?
v. Capability of distinguishing? Inherently capable
    or
    By reason of prior use
vi. "New Act" - Trade Marks Act No 1993 of 1993 :
   
  A 'mark' is defined broadly in the Act as any sign capable of being represented graphically, including a device, name, signature, word, letter, numeral, shape, configuration, pattern, ornamentation, colour or container for goods or any combination of the aforesaid - (not exhaustive).
v. Options to consider for gaining maximum benefit/competitive advantage in the marketplace:
   
 
a. Colours or combinations:
thereof
BOXER gold;
Europe - BP green for petrol services ;
UK - CADBURY purple for chocolate;
UK - BARCLAYS turquoise for banking services.
b. Slogans/straplines : IT'S FINGER LICKIN' GOOD;
SIMPLER, BETTER, FASTER;
CONNECTING PEOPLE;
THE WORLD'S FAVORITE AIRLINE.
c. Acronyms : KFC;
SAA;
IBM.
d. Celebrity Names, Photos, Gestures and Signatures : Lennox Lewis;
Bobby Skinstad;
Mick Jagger;
David Beckham;
Pierre Cardin.
e. Sounds : MGM roaring lion;
Musical jingles.
f. Smells : Europe - smell of roses for tyres;
Smell of bitter beers for darts;
Smell of fresh cut grass for tennis balls under the mark SCENTER COURT.
g. Shapes : Perfume bottles;
Pen cap by BIC;
WEBER braai.
h. Packaging and "get-up" : Labels, logos or devices e.g. NIKE tick.
What is a patent?
Any new invention which involves an inventive step and which is capable of being used or applied in trade or industry or agriculture.