Thursday, June 8, 2023

What is Intellectual Property

 

What is Intellectual Property?

 

All that what is produced or originated by the human skill, intelligence, labour and efforts are called the intellectual property. The term ‘intellectual property’ is used to refer the copyrights, trademarks, patents, industrial designs and confidential information. It is a creation of the intellect that has commercial value, including copyrighted property such as literary or artistic works, and ideational property, such as patents. In other words it is a property in the form of patents, trademarks, service marks, trade names, trade secrets, and copyrights. The main areas of intellectual property laws are:

 

a. Trademarks: Trademark is a sign, or symbol which is used by a person to distinguish his goods or articles from the goods or articles of others and to identify his goods amongst other similar goods. It has been recognized as a very valuable form of intellectual property, because it associates with quality and consumer protection in a product or service.  It is a mark capable of being represented graphically and which is capable of distinguishing the goods or services of one person from those of others and may include shape of goods, their packaging and combination of colours;

 

b. Copyrights: Copyright is a right which grants exclusive right to do or authorize others to do

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