Kinds Of Intellectual Property
Property does not just comprise of tangible things like houses, cars, furniture, money, investments etc and such assets are not the only kind that can be protected by law. Other types of property which are intangible in form also exist. They are called intellectual property and these are also secured by the law. The three primary kinds of intellectual property rights are patents, trademarks and copyrights.
Copyrights are intellectual property dealing with rights of the creator over his or her original piece of work. It includes not only original literary pieces but also other forms of creative expression like melodies, videos, films etc. It provides the owners with a number of rights including economic and moral rights besides the right of being known as the creator of the piece.
Trademarks on the other hand are intellectual property that deals with protection accorded to certain text, symbols and other marks that distinguish the origin of one item from the other. Trademark protection gives the holder complete safety from unscrupulous use of his own mark by others to mislead customers.
The last intellectual property right is a patent, which is bestowed upon inventors to safeguard their unique and useful creations and inventions. It gives them exclusive right of use and sale of their work for a particular span.
There are some more intellectual property rights too which are less often registered and used. Understanding passed on from generation to generation in a specific sect; unique and secret components or recipes which go into creating successful products like Coca Cola; and location based descriptions, which refer to certain products like Champagne, are some examples of this type of intellectual property.
Though these types of intellectual property are distinct from each other there are some commonalities between the three. All three are recognized by law in a manner that enables the holders of the property to take legal action against the infringer and get reparation for infringement.
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