Industrial Property

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Industrial Property


in law, a term denoting the exclusive right to such nonmaterial valuables as inventions, trademarks, and industrial designs. In the law of the bourgeois countries, industrial property is similar to conventional property in several ways: the patent holder, like an owner, has the right to dispose of the invention; the patent, like a commodity, has an exchange value; and patents are protected against infringements by third persons just as for any other property.

The concept of industrial property is most often used in international conventions and agreements. For example, the 1883 Paris convention on the protection of industrial property provided for exclusive rights to a wide range of objects: patents on inventions, utility models, industrial designs, trademarks, service marks, trade names, and indications of origin or appellations of origin. The convention also included measures to stop unfair competition.

Exclusive rights to industrial property are subdivided according to the relations being regulated into two basic groups: rights associated with the creation of physical objects (right to an invention, right to an industrial design) and rights related to the sale of physical objects that have been created (right to a trademark, trade name, service mark, indication of the place of origin of a commodity; prevention of unfair competition). In the 1970’s the concept of industrial property also came to include know-how—secrets of production or production experience. The concept of industrial property applies not only to industry and trade but also to agricultural production and to the mining of minerals. It encompasses products of both industrial and natural origin, for example, wine, grain, tobacco leaves, fruit, livestock, minerals, mineral waters, beer, flowers, and flour.

A distinctive characteristic of the rights of industrial property is that they apply only in strictly defined areas. For example, the right to an invention or trademark which has arisen in one country is effective only within its borders. To ensure legal protection in other countries, the appropriate applications must be submitted in these countries to obtain a protective document. A number of special international agreements contain provisions to simplify this process and establish certain privileges for the foreign patenting and registration of industrial property.

In the law of the USSR and the other socialist countries the term “industrial property” is not used. The socialist countries participate in international agreements on industrial property and also use the term in bilateral agreements with foreign countries, for example, the agreement concluded between the USSR and France on May 19, 1970, providing for the mutual protection and use of the rights of industrial property.


References in periodicals archive ?
Patrick Connolly, a former vice president of Asset Management with Matrix Development Group, has joined Cushman & Wakefield to lead its industrial property management activities in the eastern U.
He said: "It is probably coming from a low base and driven by people sitting in London getting 6% yield on their industrial property looking at somewhere like Newcastle looking at 7% and upwards.
The reassessment of commercial and industrial property, claims the review, would engender appeals ``that would once again become a very real burden for assessors.
They're assessing at $30 a square foot," a figure he claims is way too high for pre-World War 11 industrial property.
Rexford currently targets the acquisition of over $500 million of stabilized and value-add infill industrial property throughout Southern California.
In an especially creative transaction, Sholom & Zuckerbrot Realty, LLC (S&Z) has negotiated the sale of an 80,000 s/f industrial property by presenting it as a unique redevelopment opportunity, which is now to be transformed into a state-of-the-art office complex, notes S&Z chairman Sanford Zuckerbrot.
We continue to implement our strategy of consolidating the highly fragmented light industrial property sector, where we can purchase properties at high current yields and at prices below replacement cost," said Charles W.
CenterPoint is a publicly traded real estate investment trust (REIT) and the largest industrial property company in the 1.
Exampling this, Garfield participated in the firm's recent acquisition of industrial property in Brooklyn's Sunset Park and Park Slope as well as in Long Island City.
These acquisitions reflect our strategy of consolidating the highly fragmented light industrial property segment in economically strong Southwestern and Southeastern markets," stated Charles W.
UN) today announced that it has acquired from Hopewell Development Corporation ("HDC"), a 254,000 square foot recently constructed industrial property on an 11.
Currently, there are only two notable industrial property redevelopments in West Hempstead: a 150,000-squarefoot residential conversion at 910 Orlando Street and a 285,000-squarefoot development on 7.

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