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Intellectual Property 2018-10-15T07:29:15+00:00
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Intellectual Property

Intellectual Property (IP) is a term that describes the property generated by intellect. In simpler words, the work or the creation by application of one’s intellect or mind to develop, create, evolve, synthesis, write or record or simply just make something new. Intellectual Property may exist in various forms and sorts; a new invention or innovation, an ideal strategy for a new business setup, a brand or logo, any symbol or Tradename, design or particular shape, a particular product denoting its origin from a particular place or area, or an artistic creation.

Technically speaking, Intellectual Property is a taxonomy that may include tangible or intangible creation of human mind or intellect. Intellectual Properties principally comprehends Trademarks, Industrial Design, copyrights and Patents. Intellectual Property is a vital asset in today’s information economy and has to be purposefully managed. The intangible nature of intellectual property presents hitches if compared with traditional property like terrestrial property or goods and chattels. However the best thing about Intellectual Property is that unlike traditional property, intellectual property is “indivisible” – an unlimited number of people can “consume” or “exploit” intellectual properties or good without it being depleted or exhausted.

Registered intellectual property (IP) rights serve as an incentive to reward creation by providing IP creators, owners or the holders of Intellectual Property Rights with the time and opportunity to exploit their creation or invention.

Registered intellectual property (IP) rights serve as an incentive to reward creation by providing IP creators, owners or the holders of Intellectual Property Rights with the time and opportunity to exploit their creation or invention.

The Intellectual Property Rights circumscribe Copyrights, Patents, Designs and Trademarks. Other rights  like broadcasting rights, trade secrets, right of performance, publicity rights, moral rights, right of communication, rights against unfair competition etc. are known as associated rights as the same comes associated with the Primary IP rights

Intellectual Property rights require a formal process of application, examination and registration. Intellectual Property is an integral part of every individual’s work. Every creation that is the outcome of one’s intellect can be protected from being stolen through the enforcement of the Intellectual Property Rights

Benefits of Intellectual Property Protection


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