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In order to incentivize innovation and creation that benefits society as a whole, it is
important to protect a person's intellectual property (IP), or in other words the product of a
person or company's originality and creativity. Similar to the way tangible real and
personal property rights are protected, IP rights protect one's ownership of intangible
objects, including an idea, a logo design, or musical piece.
In this situation, the most applicable form of IP is for the CEO to apply for a patent, which
would give them the exclusive right to prevent others from making, using, selling or
offering “Stick-O" for sale. Basically, although a patent does not give the owner the right
to use the patented invention himself, the owner may prevent others from using the idea
for their own advantage. To receive a patent, the CEO will have to file an application at the
Patent Trademark, or PTO, but first the patent must satisfy 4 areas of criteria. First, the
idea must follow the US Patent statute in that processes, machines, articles of manufacture,
and compositions of matter are patentable. The idea of “Stick-o" fulfills this first
requirement. Second, the idea needs to be novel, or new in comparison with anything
which has been publicly disclosed anywhere in the world by anyone before the earliest
filing date relating to the application.
There are, however, some restrictions that prevent an invention from obtaining a patent,
which are as follows: the invention was known to the public before it was "invented" by
the individual seeking patent protection; the invention was described in a publication more
