3 Most Common Types Of Intellectual Property And What To Know About The Varying Levels Of Protection - Trademark - United States (2024)

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Patents Trademarks Copyrights FAQs

16 July 2021

by Oliver S. Bajracharya

Lewis Roca

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The term "intellectual property" is a bit like theterm "organic." Most people have some idea of what itmeans, but aren't exactly clear on the specifics.

Nearly every law student takes a class called"Property," which relates to laws and regulation of"real property," (i.e., land). One way that real propertyowners designate the boundaries of their land is by putting a fencearound it. If an unauthorized person enters the protected land, itis called trespassing. Similarly, intellectual property forms avirtual fence around the property it protects. If an unauthorizedperson crosses the fence, it is called infringement.

The three most common types of intellectual property arepatents, trademarks and copyrights, and they each provide differentand varying levels of protection.

Patents

Patents, specifically, utility patents as opposed to designpatents, protect inventions that are new and nonobvious overexisting technology known as prior art. An issued patent describesthe features of an invention and how it works in significantwritten and illustrated detail. Despite what may be described aboutan invention, a utility patent only protects what is claimed,(i.e., what is provided in the numbered sentences at the end of apatent). The claims form a virtual fence around an invention andallow the patent owner to prevent others from making, using orselling the invention protected by the fence without authorization.Generally, utility patents provide protection for 20 years from thedate of filing.

As an example of a claim, assume someone has invented the penciland has described their pencil in detail in the patent. A claim atthe end of the patent may recite "A writing instrumentcomprising an elongate body and a marking material protruding fromthe elongate body." If an unauthorized entity now makes, usesor sells a pencil that has these claimed features, the patent ownercould sue for patent infringement. Notice how the pencil claimcould also cover other writing instruments such as a pen or even atube of lipstick, both of which may have an elongate body and amarking material protruding from the elongate body.

Trademarks

Trademarks, commonly brand names and logos, are sourceidentifiers that are intended to protect the public from confusionabout the origin of goods and services. Trademark protection,unlike patent and trademark protection, can last forever providedthe trademark owner renews their protection at appropriateintervals. The mere mention of famous trademarks like Coca-Cola,Rolex and Honda immediately bring to mind not only particulargoods, but also characteristics and a certain level of quality,high or low, associated with those goods. When a consumer buys aRolex, the expectation is for the watch to operate with precisionas a fine piece of machinery and last a long time.

If an unauthorized user sells a watch with the Rolex name, buthaving characteristics and quality that are significantly lowerthan a genuine Rolex, a purchaser may be confused and may purchasethe counterfeit Rolex for a high price expecting it to be a Rolexwhen it is in fact of much poorer quality. While fewer peoplebuying a Rolex from a street vendor may be confused as to theexpected quality of that watch, there are reasonably high-qualitysuperfakes, which contribute to an estimated 40 million counterfeitwatches sold globally each year, the net profit of which is roughly$1 billion, according to TechCrunch.

Copyrights

Finally, copyrights protect works of authorship, such as novels,music and lyrics, paintings and software, among many others.Providing protection to authors fosters and induces creativity andoriginal ideas and allows those who create original works to profitfrom their works. Copyrights last for the life of the author plus70 years, or in cases of a work-made-for-hire, the shorter of 95years from publication or 120 years from creation.

With a significant amount of content being available seeminglyfor free on the internet, there are countless examples ofunauthorized users reproducing such content for their own benefit,only to have to pay substantial monetary damages to the copyrightowner who successfully enforces their rights. As a practical tip,when using someone else's creative work for your own purposes,think about what rights the author may have and whether you mayneed their permission to use their work. By proceeding blindly, youmay be taking an unnecessary risk of committing copyrightinfringement and may have to face the legal and monetaryconsequences that follow.

Originally published in L.A. BIZ

The content of this article is intended to provide a generalguide to the subject matter. Specialist advice should be soughtabout your specific circ*mstances.

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As a seasoned intellectual property expert with a wealth of knowledge in the field, I can provide a comprehensive overview of the concepts discussed in the article dated July 16, 2021, by Oliver S. Bajracharya and Lewis Roca.

The article delves into the realm of intellectual property, drawing an analogy between the term "intellectual property" and the term "organic." The comparison highlights the commonality that people generally understand these terms broadly but may lack clarity on specific details. To elucidate, the author relates intellectual property to the legal principles governing "real property" (land) taught in a typical law class named "Property."

Intellectual property, as described in the article, creates a metaphorical fence around the protected property, akin to a physical fence around real property. Unauthorized access to this protected space is termed infringement, drawing a parallel to trespassing in real property cases.

The three primary types of intellectual property are elucidated as patents, trademarks, and copyrights, each offering distinct levels and forms of protection.

  1. Patents:

    • Definition: Patents, particularly utility patents, protect novel and nonobvious inventions over existing technology known as prior art.
    • Protection: The claims in a patent form a virtual fence around the invention, allowing the patent owner to prevent unauthorized making, using, or selling of the protected invention.
    • Duration: Utility patents typically provide protection for 20 years from the filing date.
  2. Trademarks:

    • Definition: Trademarks, encompassing brand names and logos, serve as source identifiers to prevent confusion about the origin of goods and services.
    • Protection: Unlike patents, trademark protection can endure indefinitely, provided the trademark owner renews protection at appropriate intervals.
    • Examples: Well-known trademarks like Coca-Cola, Rolex, and Honda evoke not just specific goods but also associated characteristics and a certain level of quality.
  3. Copyrights:

    • Definition: Copyrights safeguard various works of authorship, including novels, music, paintings, and software, promoting creativity and original ideas.
    • Duration: Copyrights generally last for the life of the author plus 70 years, or in the case of works made for hire, the shorter of 95 years from publication or 120 years from creation.
    • Protection Challenges: With abundant content available online, unauthorized reproduction may lead to substantial monetary damages for copyright infringement.

The article also offers a practical tip when using someone else's creative work—consider the rights the author may have and obtain permission to avoid potential copyright infringement risks.

In conclusion, the concepts discussed in the article provide a comprehensive understanding of intellectual property, its types, and the protective measures associated with patents, trademarks, and copyrights. This knowledge is crucial for individuals and businesses to navigate the complex landscape of intellectual property law and avoid legal consequences.

3 Most Common Types Of Intellectual Property And What To Know About The Varying Levels Of Protection - Trademark - United States (2024)

FAQs

3 Most Common Types Of Intellectual Property And What To Know About The Varying Levels Of Protection - Trademark - United States? ›

Common types of intellectual property protection

What are the three main types of intellectual property? ›

Intellectual Property can be easily understood as creations of the mind. There are three primary types of Intellectual Property: copyrights, trademarks, and patents. A copyright is a legal term that is used to describe a person's ownership rights to an original expression of creativity.

What are the four 4 types of intellectual property that are protected in the United States? ›

Intellectual Property Law includes patents, copyrights, trademarks, and trade secrets.

What are the most common intellectual properties? ›

The four main types of intellectual property are patents, trademarks, copyrights, and trade secrets.

What are the three main ways that intellectual property is protected? ›

Copyrights, trademarks, patents, and trade secrets are the four primary types of intellectual property protection. Determining the best way to protect intellectual property can be complex. This can be especially true in highly technical areas like industrial design or computer algorithms.

What are the 5 most common intellectual property? ›

Intellectual property can take many forms, and each form is protected differently. In this post, we will explain the basics of the most common types of intellectual property — copyrights, moral rights, trademarks, patents, and trade secrets.

What are the three types of intellectual property quizlet? ›

  • Patents.
  • Trademarks.
  • Copyrights.
  • Trade Secrets.

What are the top 4 intellectual property protections? ›

Intellectual property law (also known as IP law ) is used to protect inventions, brands, original works of authorship, and valuable secret information. Four types of intellectual property are patents, trademarks, copyrights, and trade secrets.

What are the 4 types of intellectual property explain each? ›

Copyrights, Patents, Trademarks, and Trade Secrets – Four Types of Intellectual Properties. If you are a business owner, you should familiarize yourself with the four types of intellectual property, otherwise known as IP.

What are the 4 main types of intellectual properties and which one is most important to a songwriter? ›

There are four types of intellectual property: patents, copyrights, trademarks, and trade secrets. Patents protect original ideas or designs or processes. Copyrights protect creative works in tangible form. Trademarks protect a brand identity.

What are the 3 most common trademarks? ›

Names, logos, and phrases are the most popular trademarks. Trademarks represent brands. Every successful brand is built on at least one trademark.

What are the basic types of intellectual property? ›

What Is Intellectual Property (IP)?
  • Patents.
  • Copyrights.
  • Trademarks.
  • Trade Secrets.
Aug 4, 2022

What is intellectual property and list 4 examples? ›

IP is something proprietary that has value but doesn't exist as a physical object. Examples of intellectual property include designs, concepts, software, inventions, trade secrets, formulas, brand names and works of art. Intellectual property can be protected in law by copyright, trademark, patent or trade secret.

Can patents expire? ›

Conclusion: In most cases, a patent term is 20-years from the non-provisional patent filing date. Use of a provisional patent application can add one-year to patent life at the front end. Maintenance fees or annual fees are generally required to keep a patent alive, in some cases even before grant.

Which are three rights an owner of intellectual property can apply for choose three? ›

WHAT ARE THE MAJOR KINDS OR INTELLECTUAL PROPERTY RIGHTS? The three major kinds of intellectual property rights are “copyright,” “trademark,” and “patent.”

Is music an intellectual property? ›

From the moment music is put into a tangible form, such as a sound recording, it is considered intellectual property. This protection extends to both the composition— the musical works including melodies and lyrics, as well as the sound recording itself.

What are the main forms of intellectual property explain? ›

It consists of inventions, literary and artistic works, symbols, images, names, designs used in commerce and original expressions of creative individuals. The key forms of intellectual property protection are patents, copyrights, trademarks and trade secrets.

What are the basics of intellectual property? ›

The two primary purposes of Intellectual Property law are: (1) to encourage creativity and/or investment for research and development by rewarding innovation; and (2) to protect inventors from improper competitive activities. There are three main areas of Intellectual Property law: patents, trademarks and copyrights.

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