Cat friends are relaxing after they ate snack from my palm.
Advice sought after:
I listen to and dictate BBC programs (podcasts) to deter and delay dementia. And oftentimes I come to words and phrases which I cannot catch. It would be appreciated if you can tell me what they are saying and also correct my incorrect catching in the attempted transcript.
Thanks in advance.
20221110
BBC MoneyBox The Cost of Inventing
https://www.bbc.co.uk/programmes/m0011cyq
1310
You are an adviser at British Library Business and Intellectual Property Centre. I want to take a step back a bit, because we've already been flung around these words, patents, trademarks and everything. Could you just briefly explain to me, I suppose, briefly and simply what are patents ???(1)??? . How these sorts of IPs, intellectual properties, differ and why they are important.
1330
OK. Right. Now in the simplest term, a patent is a government granted right allows you to own an invention. So if you come up with something that you think, oh, this is quite useful, ???(2)??? new invention people might want to use this and so on. And a patent will give you exclusive rights to that invention. It's yours. You own it and no one else can use it without your permission.
1350
OK. And when you take out a patent, I understand, you have to take it out in every country in the world or something you ???(3)??? take out one?
1404
Correct. Patent is, it's country specific. So if you take out a patent in the U.K., you are only protected in the U.K. So when you initially apply for a patent, your initial application actually gives worldwide protection for a year, but within that year you need to decide what other countries you want protection for, and then you need to check for funding and finance to get patent in those specific countries as well.
1434
