When we talk about property, it is not only the physical things such as homes, buildings, vehicles, currency etc that are protected by law. There are many other types of non-material property termed as intellectual property that have been recognized under the law and granted safety against infringement. Patents, trademarks and copyrights are the three primary categories of intellectual property.
When the creator has created an original composition, he or she owns the copyright over this piece and is granted ownership for them. This right may be given for songs, films, paintings and other forms of creative expressions and not just the literary or published material. It provides the owners with several rights including monetary and moral rights in addition to the right of being known as the owner of the piece.
Trademarks afford intellectual property rights which aim at pre-empting duplication and exploitation of symbols registered by a person for his own products, and they help a customer easily tell the origin of a product. With this legal provision, trademark is safeguarded from replication by unscrupulous elements who wish to misuse established brands.
The final intellectual property right is a patent, which is granted to inventors to protect their original and useful creations and inventions. A patent is valid for a predefined period and allows the holder sole right to use and commercially exploit his or her idea.
Some other, less often found intellectual property rights are also provided for by the law. Understanding carried forward from generation to generation in a particular sect; exclusive and secret ingredients or recipes which go into making popular products like Coca Cola; and location based descriptions, which refer to certain products like Champagne, are some examples of this type of intellectual property.
These three types of intellectual property are quite distinct from one another for the most part but also have a few similarities. All three are provided for by law in a manner that enables the owners of the property to opt for legal recourse against the infringer and get reparation for misuse.
When the creator has created an original composition, he or she owns the copyright over this piece and is granted ownership for them. This right may be given for songs, films, paintings and other forms of creative expressions and not just the literary or published material. It provides the owners with several rights including monetary and moral rights in addition to the right of being known as the owner of the piece.
Trademarks afford intellectual property rights which aim at pre-empting duplication and exploitation of symbols registered by a person for his own products, and they help a customer easily tell the origin of a product. With this legal provision, trademark is safeguarded from replication by unscrupulous elements who wish to misuse established brands.
The final intellectual property right is a patent, which is granted to inventors to protect their original and useful creations and inventions. A patent is valid for a predefined period and allows the holder sole right to use and commercially exploit his or her idea.
Some other, less often found intellectual property rights are also provided for by the law. Understanding carried forward from generation to generation in a particular sect; exclusive and secret ingredients or recipes which go into making popular products like Coca Cola; and location based descriptions, which refer to certain products like Champagne, are some examples of this type of intellectual property.
These three types of intellectual property are quite distinct from one another for the most part but also have a few similarities. All three are provided for by law in a manner that enables the owners of the property to opt for legal recourse against the infringer and get reparation for misuse.
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