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addition, Oscar's contract should contain a license to the software that provides authorized usersaccess to the software.This license should explain how many licenses are to
addition, Oscar's contract should contain a license to the software that provides authorized usersaccess to the software.This license should explain how many licenses are to be utilized andlength of time the licenses are active.Intellectual property is defined as: "Ownership interest by an individual or entity in creationsof the human mind that may be protected under the law" (law shelf 2018). There are basicallyfour kinds of intellectual property rights regarding software: patents, copyrights, trade secretsand trademarks. Each type offers different levels of legal protection.Patents, trade secrets and copyrights can be used to protect the actual software, whereasTrademarks distinguish the symbol used to identify a company or product.Intellectual propertyis ownership of a concept or idea. Generally, it is owned by the creator or the person who thoughtof the idea but it can be transferred, released though a contract, or through passage of time. Theowner has rights and can exclude people from using the ideas and concepts of the intellectualproperty.Patents provide protection for the inventor or developer of an invention or technique that isnew and useful. To qualify for a Patent, the idea or invention must be individual, meaning it mustbe the only one of its kind. As we learned, Medsure will be creating a new software forMiddletown Hospital that is not currently on the market and therefore they should apply for aPatent."Patents can offer a powerful protection from things such as, reverse engineering andindependent discovery". (law shelf 2018)
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