Intellectual property (IP) is a category of legally protected property that includes intangible creations of the human intellect. IP protects your brand image, your inventions, and your original work, in particular literary and artistic works, designs and symbols, names, and images used in commerce. Patents, copyright, and trademarks are all types of assets Intellectual Property consists of. Owning Intellectual Property adds value to people and companies, as it protects them from the use or implementation of their IP without consent. It enables people to earn recognition or financial benefit from their creations, enticing an environment in which creativity and innovation can flourish. Use of someone else’s IP often involves licenses, royalty payments, or permission. Kinds of IP:
- Copyright: is a legal term used to describe the rights that creators have over their literary and artistic works. Works covered by copyright range from books, music painting, sculpture, and films, to computer programs, databases, advertisements, maps, and technical drawings.
- Patents: a patent is an exclusive right granted for an invitation. Generally speaking, a patent provides the patent owner with the right to decide how - or whether - the invitation can be used by others. In exchange for the right, the patent owner makes technical information about the invention publicly available in the published patent document.
- Trademarks: A trademark is a sign, text, combinations of sign and text, sound, and distinctive shapes or wrappings capable of distinguishing the goods or services of one enterprise from those of other enterprises in your marketplace.
- Industrial designs: an industrial design constitutes the ornamental or aesthetic aspect of an article. A design may consist of three-dimensional features, such as the shape or surface of an article, or of two-dimensional features, such as patterns, lines, or color.
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Written By Dana M