Explanation of Standard Terms
Tomkins & Co.
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Intellectual Property: A group of legal personal property rights arising from intellectual creation - for example patents, copyright, trademarks or registered designs
Patent: A property right, limited for a specific term of years, that grants the owner certain exclusive rights against third parties in relation to using, or doing other restricted acts in relation to, the subject matter of the invention
Registered Trademark: A property right, renewable for potentially indefinate terms of years, that grants the owner certain exclusive rights against third parties in relation to using the registered trademark (or confusingly similar marks) in relation to particular goods and/or services
Copyright: A property right under which the author of certain works has the right to authorise or prevent copying for the work, making the work available to the public, or making an adaption of the work
Registered Design: A property right, renewable for a finite period, that grants the owner the exclusive right to use, and to authorise others to use, particular design features of an article
Passing Off: A common law economic tort, namely a misrepresentation resulting in damage, or likely damage, to another party's reputation or goodwill.