- Intellectual property are legal property rights over creations of the mind, both artistic and commercial, and the corresponding fields of law. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as musical, literary, and artistic works; ideas, discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets.
What is Intellectual property rights?
- It is an exclusive right given by the State to the owner/creator of an immaterial object for a certain period of time. Examples of such immaterial objects are inventions, designs, literary works, computer programs - i.e.any creations of the human mind, transformable into a material form. Mostly they are referred to as immaterial property, because they are derived from ideas being registered and used in trade. The intellectual property rights are divided in four domains, which are Trade Marks, Copyright, Patents and Designs according to the objects for which the protection is sought.
