The Venture Capitalist Said "Protectable IP"
By Michael A Mann
He wanted protectable intellectual
property. The venture capitalist didn't say protected IP
or protective IP,
just protectable IP. Was that sarcasm or was he distinguishing among
types of intellectual property?: protectable versus unprotectable.
“Unprotectable” sounds like the title of a movie starring Charles
Bronson.
Maybe
he was suggesting that he wanted patentable inventions so he could apply for
exclusive rights from a government, rather than, say, know-how. There are
no “know-how patents” (although governments do grant rights for some types of
know-how, such as non-exclusive licenses for the practice of law or for cutting
hair).
Still,
I stumbled over “protectable” not only with intellectual property but with any
property including tangible personal property and real estate. When I go
to a clothing store, I don’t ask to buy a protectable tie (but my clothier will
gladly spray my ties with SCOTCHGARD brand grease and oil repellant).
When I bought a house, I didn’t think to ask for a protectable one. I did
require one with clear title but not protection against eminent domain,
foreclosure or a tornado.
Furthermore,
my home security service will not protect my home, it will only tell me that my
house has been broken into or is on fire. It won’t stop the burglars or
render my house fire-proof. My security service will not even tell the
burglars through an intercom to “please leave the premises now!” or “please sit
on the front porch quietly until the police arrive!”...
Read the full article at Nexsen Pruet.
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