- Intellectual property (IP) means a number of distinct types of creations of the mind for which property rights are recognized and the corresponding fields of law.
- Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets, such as literary,musical, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs.
- Common types of intellectual property include copyrights, trademarks, patents, industrial design rights and trade secrets in some jurisdictions..
- IP includes rights relating to the following:
(1) Literary, artistic and scientific works (copyright)
(2) Performances of performing artists, phonograms, and broadcasts(related rights)
(3) Industrial designs (industrial property)
(4) Protection against unfair competition (industrial property)
(5) Inventions in all fields of human endeavor (industrial property)
(6) Scientific research (industrial property)
(7) Marks,commercial names and designations (industrial property)
(8) All other rights resulting from intellectual activity in the industrial,scientific,literary and artistic fields
Example: If writer write a novel than it belongs to copyright but the publisher of particular novel belongs to related rights.
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