Tools to protect intellectual properties

Unit 8 - Innovation and
Commercialisation
(LO4)

Table of Contents
INTRODUCTION...........................................................................................................................3
MAIN BODY...................................................................................................................................3
LO4..................................................................................................................................................3
P7: Tools to protect intellectual properties..................................................................................3
CONCLUSION................................................................................................................................5
REFERENCES................................................................................................................................1

INTRODUCTION
Intellectual proper is the organizational activity through which organizations tend to utilize the
legal legislations, through which organizational properties like company's name, logo, etc.
cannot be reused without the permission of the company. Tesla is the chosen organization for the
evaluation in this report, the company tend to provide electrical based smart cars to the customer
all across the globe. Evaluation on the several tools which are being utilized by the company to
protect its intellectual properties is being done in this report.
MAIN BODY
LO4
P7: Tools to protect intellectual properties
Creating an original product which requires mental activity, makes it an intellectual
property. A betterment of the company it is important to protect intellectual properties.
Protecting IP is important for economy and growth of the company.
Copyright- It gives Tesla legal right of intellectual property to copy. In simple terms, it means
only the original creators or anyone with authorization can reproduce the work. Copyright gives
right to duplicate the product or use it for later time period. It protects from replication of the
product by any unauthorized party. In order to be copyright protected, it should be in tangible
form. Including a copyright makes tracking down of copyright Tesla easier and can have a legit
permission to use the work (Zakieva, and et.al., 2019).
For tesla all graphics, animation, videos, sound files are all subjected to copyright
protection. In order of the product to be 'original', need to protect copyright is important. It is
very crucial for the company to emphasis on its copyright because it is the means by which
organisation can protect its valuable ideas and knowledge (Rimmer, 2020). The competitors of
Tesla can copy the valuable designs and thus can affect the competitive benefits. Hence it is very
essential that organisation must understand the need of copyright tools. In case if organisation
finds any company guilty of violating its copyrights then organisation can take legal actions
against it so that only Tesla can use its innovative knowledge for gaining required benefits. There
are several organisations who does not pay attention to this intellectual right and thus their
technology or innovations are easily copied by others. It enhances the competition in the market
and despite good research and development team organisation fails to gain necessary benefits in
terms of market gain.