Intellectual Property

DEFINITION

• Intellectual Property is an unique and original works such as ideas, inventions, art, writings, processes, company and product names and logos.
• Therefore, Intellectual Property refers to the special rights that are given to the owner of a product or invention in law because of their original ideas and works.
• The purpose of Intellectual Property is to protect the ownership rights to the invention or product to prevent the claims of others to it.
• Basically, there are three types of Intellectual Property rights, which protect different forms of property. They are Patent, Trademark and Copyright.

PATENT

• Patent is a legal protection for inventors of inventions such as products, processing and methods.
• Invention is a product or a process that provides a new way of doing something, or offers a new technical solution to a problem. 

TRADEMARK

• Trademark is a legal use of logo, sign or slogan by a company or organization in providing goods and services to consumers.

COPYRIGHT

• Copyright is a legal term describing rights given to creators for their literary and artistic works.
• It gives authors and artists exclusive rights to duplicate, publish, and sell their materials.
• Literary works refers to novels, poems, plays, reference works, newspapers, computer programs, databases, films, musical compositions, and choreography.
• Artistic works refers to paintings, drawings, photographs, sculpture, architecture, advertisements, maps and technical drawings.

IMPORTANCE OF INTELLECTUAL PROPERTY

uTo protect any original work that created by a person or company for example, image, drawing, lyric and publishing.

uTo preserve the features and processes that make things works. This lets inventors profit from their inventions.

uTo establish enterprise/business identity through branding strategy.