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Intellectual property law consists of the protection of products produced from an individuals mind it may be intangible in nature But it is the bedrock of all business because patent copyrights sevicemarks trademarks protect the individuality of a product and give identification which is to be promoted and used for sell The protection of intellectual property provides a correlation between a product and its quality in commerce If someone one were to duplicate an object machine or business method it would take away from the original owners market value and future marketability of the product service etc The laws of intellectual property were created to protect and reward inventive and artistic creativity It allows those that struggled to create these works to reap the benefits of the product in the form of profit Patent Law finds its origins in the US Constitution which gives congress the power to enact laws relating to patents in Article I section 8 Congress shall have power to promote the progress of science and useful arts by securing for limited times to authors and inventors the exclusive right to their respective writings and discoveries The powers of the Patent Act 35 US Code permits utility patents design patents and plant patents to be recognized by law A discovery of useful process machine manufacture composition of matter or useful improvements thereof may obtain a patent subject to the conditions and requirements of US Patent Act The Patent Act states that for an invention to be patentable it must adhere to being statutory new useful and nonobvious A patent allows an inventor private ownership and the exclusive right to make use and sell an invention method idea or process from a varying span from the filling date of the application depending on the object The applicant must submit a patent application and will be reviewed by an examiner to determine if the invention is patent worthy Certain restrictions
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