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Different Types Of Intellectual Property

When we talk about property, it is not only the tangible things such as homes, buildings, land, currency etc that are protected by law. There are various other types of intangible property known as intellectual property that have been recognized under the law and granted safety against misuse. The three main types of intellectual property rights are copyrights, trademarks and patents.

Copyrights are intellectual property dealing with rights of an author or an artist over his or her original piece of work. This right may be awarded for music, films, paintings and other types of creative expressions and not only the written or published material. It bestows the owners with a number of rights including economic and moral rights besides the right of being known as the owner of the work.

Trademarks afford intellectual property privileges which aim at pre-empting replication and exploitation of graphical representations registered by a person for his own products, and they help a consumer easily identify the origin of a product. They protect the trademark owners from being economically exploited by counterfeiters.

The third type of intellectual property right, termed as patent, protects the rights of inventors in their innovative and useful invention. A patent is valid for a specified span and allows the holder exclusive right to use and sell his or her idea.

There are some other intellectual property rights too which are less often enforced and used. Some examples of other kinds are traditional knowledge possessed by natives of a particular area that is unique only to that area; trade secrets that include business secrets, for example, KFC’s recipe; and geographical pointers that are a variant of trademarks used for merchandise arising from a specific part of the world, for example Champagne.

These three types of intellectual property are quite distinct from one another for the most part but also possess certain similarities. All of these are safeguarded within the provisions of the law and the rightful owners can take legal action in a court of law and claim reparation in case of any violation.

Discover more about trademark and discover how does a patent lawyer and IP protection increase the net worth of your business very fast. This article, Different Types Of Intellectual Property has free reprint rights.

categories: trademarks,patents,ideas protection,business idea protection,protecting business ideas,business value,Intellectual property,IP law

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