What is Intellectual Property (IP)?

Summary on the Intellectual Property (IP)

The best area to begin with the intellectual property is to start with a consideration of the mean of the word “Property”. The word ” Property” is the owner of the property is used freely and to exclude others from using his /her own property.

The term “Intellectual Property” refers to the types of property that result from the creation of the human being such as inventions; literary and artistic works, designs and symbols, and images used in commerce. For these purposes in principle consist of Copyrights, Related Rights of Copyright, Patent, Trademark, Trade-secret, Geographical Indication and Variety of plants.

While the meaning of what is Intellectual Property (IP)? is the Convention Establishing and definite the meaning by the World Intellectual Property Organization – WIPO.

To answer the question on what is Intellectual Property? it can be defined as legal rights, existing under national and international law, assertible in respect to the products of human intellect and creativity. A more definition of intellectual property suggests that it comprises all those things which emanate from the exercise for the human brain, such as ideas, inventions, poems, designs, and micro-computers

Intellectual Property Rights (IPRs) may have the ability to own and protect the products of human intellect.

As the following elements below are the intellectual property used to deal with the national law or various treaties under the main heading as follows:

Copyright:  is defined in the fields of intellectual property that is concerned with the protection of any work of the human intellect which the main important is (1) Literary and (2) artistic works. These works of human intellect include writings, music, and the work of the fine arts like painting, computer programs, and databases. The two relevant international agreements in the Copyrights are Berne Convention and TRIPS Agreement.

Related Rights: This protection is governed by the law relevant to Copyright’s Related Rights to protect on performance, broadcasts, concert tec.

Patents: Refer to the protection of the inventions. the purpose of the intellectual property protection on patents is to encourage economic and technological development through the prize reward in intellectual creativity. The legislative Texts: (1) Paris Convention of the Protection of Industrial Property, (2) Patent Cooperation Treaty (PCT), (3) Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS Agreement).

Industrial design:  relevant to the protection of the industrial design such as the shape of soft drinks bottles, the packaging of snacks, etc. The legislative texts: (1) Hague Agreement Concerning the International Deposit of Industrial Designs and (2) TRIPS Agreement and Paris Convention.

Trademark: The protection which is available under various laws such as logos, names, for a product. Normally, there are service marks and Trademarks. The legislative texts: (1) Paris Convention, (2) Trademark Law Treaty (TLT), (3) TRIPS Agreement.

Protection against Unfair Competition:  Example: false claims against a competitor or imitating a competitor with a view to deceive the customer.