question is Draw a chart listing and explaining the different types of intellectual property.

https://www.canada.ca/en/services/business/ip/newtoip.html

A-INTELLECTUAL ASSETS

Intellectual property are intellectual assets which need to be protected, i.e., you want to protect them from being used by others without you first being properly paid a fee (royalty) or given an acknowledgment from the user that they belong to you.

What are intellectual assets?

"Intellectual assets are what we call "intangible" assets. They include inventions, new technologies, new brands, original software, novel designs, unique processes, and much more. These assets have value in the marketplace very much like tangible assets, or assets that you can hold in your hand."[1]

"In today's knowledge-based economy, it is crucial that you use your intellectual assets strategically as you run your business. If you protect them, they can give your business a competitive advantage over other players in the market. Your intellectual assets have the potential to make you a great deal of money."[2]

How to protect your intellectual assets

Your competitors could be tempted to capture some of your intellectual assets, unless you properly protect those assets.

"In Canada, you can protect your intellectual property by submitting applications for a patent, a trademark, an industrial design or for the registration of a copyright with uswhichever applies to your situation."[3]

Patents, industrial designs, trademarks, copyright and trade secrets[4]

B-PATENTS

Patents give you exclusive rights to your innovations

A patent is granted to you by the government. It gives you the right to exclude others from making, using or selling your invention. Your Canadian patent applies within Canada for 20 years from the date you file the application. The patent application is available to the public 18 months after you file it. Patents cover new inventions (process, machine, product, composition of matter) or any new and useful improvement to an existing invention.

C-INDUSTRIAL DESIGNS

Industrial designs relate to the visual appearance of a product

An industrial design is the visual features of shape, configuration, pattern or ornament, or any combination of these features, applied to a finished article. For example, the shape of a table or the shape and decoration of a spoon may be industrial designs. An industrial design must have features that appeal to the eye. To be eligible for registration, your design must be original.

D-TRADEMARK

Trademarks distinguish your product or service

A trademark may be one or a combination of words, sounds or designs used to distinguish the goods or services of one person or organization from those of others in the marketplace.

E-COPYRIGHT

Copyright gives you the right to copy a work

In general, a copyright is the sole right to produce or reproduce a work or a substantial part of it, in any form. It includes the right to perform the work or any substantial part of it or, in the case of a lecture, to deliver it. If the work is unpublished, copyright includes the right to publish the work or any substantial part of it. Copyright provides protection for literary, artistic, dramatic or musical works (including computer programs) and other subject matter known as performer's performances, sound recordings and communication signals.

F-TRADE SECRETS

Trade secrets include your valuable business information

A trade secret includes any valuable business information that derives its value from the secrecy. Trade secrets include various assets such as sales methods, distribution methods, customer profiles, client lists, supplier lists, product ingredients and formulas, etc.

SUMMARY

patents

https://www.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/wr03716.html?Open&wt_src=cipo-patent-main

Patents apply to newly developed technology as well as to improvements on products or processes. Patents provide a time-limited, legally protected, exclusive right to make, use and sell an invention. In this way, patents serve as a reward for ingenuity

industrial designs

https://www.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/wr03717.html?Open&wt_src=cipo-id-main

If you're producing distinctive-looking new products, you'll want to learn about industrial designs and find out about registering your designs.

Industrial designs are the features of a product that appeal to the eye: the contour of a car hood, the pattern of a knitted sweater, the shape of a computer monitor. Distinctive and attractive features like these give products a competitive edge.

If you produce distinctive-looking new products, you will want to register your designs.

Trademarks

https://www.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/wr03718.html?Open&wt_src=cipo-tm-main

A trademark is a combination of letters, words, sounds or designs that distinguishes one company's goods or services from those of others in the marketplace.

A trademark is unique. It is important to a company because over time, a trademark comes to stand not only for the actual goods and services you sell, but also for your company's reputation and brand.

By registering your trademark, you protect it under law from misuse by others, and you gain exclusive rights to use it throughout Canada for 15 years(a term that you can renew).

copyright

http://www.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/wr03719.html?Open&wt_src=cipo-cpyrght-main

If you produce original literary, dramatic, musical or artistic work, you'll want to learn more about what copyright is and how you can use it to your advantage.

Copyright is the exclusive legal right to produce, reproduce, publish or perform an original literary, artistic, dramatic or musical work. The creator is usually the copyright owner. However, an employerfor example, a film studiomay have copyright in works created by employees unless there is an agreement in place stating otherwise.

trade secrets

https://www.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/wr03987.html

Trade secrets include any valuable business information that derives its value from the secrecy.

Trade secrets can be very valuable to you whether you have developed new technology, designed original products, created the perfect recipe, or have a gold mine of customer data. One of the most famous trade secrets is the Coca Cola formulaa well-guarded secret for over 100 years. The business value of the formula is why the company goes to extremes to keep it confidential.

How are trade secrets protected?

In Canada, there is no formal intellectual property process for protecting a trade secret. To protect and benefit from trade secrets, a business must:

• Obtain business value from the secret;
• Keep the business information a secret; and
• Take all possible measures to ensure that the business information remains a secret.

How are trade secrets used?

Generally, trade secrets are used to:

1.Ensure an invention or design is not disclosed to the public before applying for a patent or an industrial design.

2.To obtain a patent for an invention, the invention must be new to the world and not known to the public. Similarly, industrial designs can only be registered if they are original in the world and aren't known to the public. This can be difficult for inventors and designers especially when trying to commercialize products, test products, launch a business, find financing or seek partners because they usually have to disclose the invention to other people (the public). To ensure confidentiality prior to obtaining patent protection, inventors will guard their new inventions as trade secrets.

3.Protect an invention through means other than patent protection

Because securing a patent can be costly and time consuming, some businesses and inventors choose to rely on trade secrets instead. This strategy is often used when the invention has a short lifespan or when the invention is difficult to reverse engineer

4. Protect valuable business information that is not formally protected through other intellectual property rights.

Businesses that have a wealth of consumer data, recipes for food products, or cutting-edge market research and analysis want to ensure that competitors do not get their hands on that information.

1.This type of confidential information (intellectual property) is generally not protected through patents, trademarks, industrial designs or copyright. To protect this confidential information, businesses use trade secrets.

How long does trade secret protection last?

Trade secrets can potentially last forever provided the information actually remains a secret. Once the secret is out, the business value is usually lost and the trade secret protection ends.

How do you keep trade secrets secret?

There are numerous ways to keep your valuable business information a secret including:

• Non-disclosure or confidentiality agreements: When disclosing your business information to anyone, have them sign a non-disclosure agreement;
• Confidentiality clauses: Include confidentiality clauses in employment agreements;
• Encryption: Encrypt any valuable business information;
• Password protection: Use passwords to access valuable business information;
• Lock and Key: Lock up any valuable business information in a safe.

Remember, once your secret is out, it is impossible to make it secret again.

The list above includes only a few ways to keep information secret. It is in your best interest to use all methods possible to ensure your secrets stay secret!

[1] https://www.ic.gc.ca/eic/site/cipointernet-internetopic.nsf/eng/wr03585.html?Open&wt_src=cipo-ip-main

[2] ibid.

[3] ibid.

[4] all information listed below comes from above web-site