What is the intellectual property rights?
Intellectual property rights (IPR) refers to the legal rights given to the inventor or creator to protect his invention or creation for a certain period of time. [1] These legal rights confer an exclusive right to the inventor/creator or his assignee to fully utilize his invention/creation for a given period of time.
Intellectual property (IP) is the property of your mind or proprietary knowledge. It can be an invention, a trade mark, a design or the practical application of your idea. What are the components of intellectual property? IP consists of copyright, trademarks, patents and designs.
In general terms, intellectual property is any product of the human intellect that the law protects from unauthorized use by others. The ownership of intellectual property inherently creates a limited monopoly in the protected property.
Examples of intellectual property rights include: Patents. Domain names. Industrial design.
The purpose of intellectual property rights is to encourage new creations, including technology, artwork, and inventions, that might increase economic growth.
The concept of intellectual property relates to the fact that certain products of human intellect should be afforded the same protective rights that apply to physical property, which are called tangible assets. Most developed economies have legal measures in place to protect both forms of property.
Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.
Common types of IP include: Copyright - this protects written or published works such as books, songs, films, web content and artistic works. Patents - this protects commercial inventions, eg a new business product or process. Design right - this protects designs, such as drawings or computer models.
The key forms of intellectual property protection are patents, copyrights, trademarks and trade secrets.
