WEBVTT

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[MUSIC]

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Intellectual property or IP

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refers to something a person has

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either thought of or created.

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Some examples of IP include designs,

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processes, songs, logos, discoveries,

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symbols, and even brand-new

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varieties of plants.

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IP belongs to the person who thought

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it up or put the work into creating it.

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They get to decide who makes it,

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how and where it's used,

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and who can sell and profit from it.

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But how can thinkers and creators keep

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their IP safe from misuse by others?

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After all, in a digital world,

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it's easy to copy an idea or a design.

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Luckily, there are laws in place

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to protect IP once a person

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is ready to go public with it.

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There are four major

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paths to legal protection.

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Applying for a patent.

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Patents cover things like inventions,

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new processes, new machines,

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and new ways of manufacturing things.

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Applying for a copyright.

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Copyrights protect works like art, music,

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writings, movies, and even software.

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Using a trademark to cover unique branding

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and identifiers, like business names,

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logos, slogans, mascots, and more.

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Keeping something secret.

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Trade secrets make sure that things like

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manufacturing processes, formulas,

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and compilations of information

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never make it into the wrong hands.

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Getting these protections in place may

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seem difficult or time-consuming at first,

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but protecting yourself is well worth

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the time and effort, and it's

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not as hard as you may think.

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This is where Technology Transfer,

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or T2 comes in.

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T2 helps negotiate the use, sharing,

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and assigning of IP,

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so that companies and individuals can use

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government technology,

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or a joint project between the government

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and private sector can take place.

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T2 can make it easy to license a patent or

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share confidential information so both

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parties can help each other solve

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problems or create new products. [MUSIC]