Property does not just comprise of tangible things like houses, cars, furniture, currency, investments etc and such property are not the only type that can be protected by law. There are various other forms of non-material property known as intellectual property that have been recognized under the law and granted protection against infringement. The three main kinds of intellectual property rights are patents, trademarks and copyrights.
Copyright is an intellectual property safeguard that is given by law to an author or any other kind of creator for an original composition or creation. It includes not just original writing pieces but also other types of creative expression like music, videos, films etc. The copyright accords the sole right of ownership over the piece in question in addition to rights to get financial benefits resulting from the work.
Trademarks in contrast are intellectual property that deals with protection accorded to certain text, symbols and other marks that differentiate the source of one product from the other. They safeguard the trademark owners from being financially exploited by unscrupulous elements.
The third type of intellectual property right, termed as patent, protects the rights of inventors in their novel and beneficial invention. It gives them sole right of use and sale of their invention for a specific span.
Some other, less commonly found intellectual property rights are also safeguarded by the law. To cite some examples of these uncommon intellectual properties, they can be some traditional knowledge passed on by a particular family only; business secrets like recipes behind successful products; and location based symbols or marks to refer to a product which comes from that location, like Champagne.
These three kinds of intellectual property are quite distinct from one another for the most part but also have a few commonalities. All three are fully admissible under the law and the rightful holder can take legal action to establish his right and claim compensation for any violation.
Copyright is an intellectual property safeguard that is given by law to an author or any other kind of creator for an original composition or creation. It includes not just original writing pieces but also other types of creative expression like music, videos, films etc. The copyright accords the sole right of ownership over the piece in question in addition to rights to get financial benefits resulting from the work.
Trademarks in contrast are intellectual property that deals with protection accorded to certain text, symbols and other marks that differentiate the source of one product from the other. They safeguard the trademark owners from being financially exploited by unscrupulous elements.
The third type of intellectual property right, termed as patent, protects the rights of inventors in their novel and beneficial invention. It gives them sole right of use and sale of their invention for a specific span.
Some other, less commonly found intellectual property rights are also safeguarded by the law. To cite some examples of these uncommon intellectual properties, they can be some traditional knowledge passed on by a particular family only; business secrets like recipes behind successful products; and location based symbols or marks to refer to a product which comes from that location, like Champagne.
These three kinds of intellectual property are quite distinct from one another for the most part but also have a few commonalities. All three are fully admissible under the law and the rightful holder can take legal action to establish his right and claim compensation for any violation.
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