Intellectual property is the part of law that decide in protecting the rights of those who produce original works such as inventions; literary and artistic works; designs; and symbols, names and images used in business. It covers everything from unique plays and novels to inventions and company identification marks. The purpose of intellectual property laws are to inspire new technologies, artistic expressions and inventions while endorsing economic growth. When persons know that their original work will be protected and that they can benefit from their labor, they are more likely to continue to generate things that create jobs, develop new technology and make processes for being more efficient. IP is protected in law by, for example, copyrights, patents and trademarks, which allow people to receive recognition or financial benefit from what they invent or generate.
Copyrights
Copyrights protect the expressive arts. They give owners special rights to reproduce their work, publicly display or perform their work, and create imitative works. Additionally, owners are given economic rights to financially benefit from their work and forbid others from doing so without their permission. It is important to understand that copyrights do not protect ideas, only how they're expressed.
Patents
Patents protect a creation or invention from being made, sold or used by others for some period of time.
There are three different types of patents in the United States:
Utility Patents - these patents care for inventions that have a specific function, including things like chemicals, machines, and technology.
Design Patents - these patents protect the unique way an industrial object appears.
Plant Patents - these patents protect plant variability that are asexually reproduced, including hybrids.
Inventors may not take responsibility that their creation is patented unless they apply and are approved for a patent by the US Patent and Trademark Office. This process can be complex and time consuming. It is a good idea to hire an intellectual property attorney to make sure you file the appropriate paperwork and get the patent you need to protect your invention and make it profitable.
Trademarks
Trademarks protect the names and identifying marks of products and companies. The purpose of trademarks is to make it easy for consumers to differentiate competitors from each other. Trademarks are automatically anticipated once a business begins using a certain mark to identify its company, and may use the symbol TM without filing their symbol or name with the government.
Strict laws are in place to protect intellectual property rights of an individual. When intellectual property rights are violated, it is essential to hire an intellectual property lawyer. A proficient attorney can assist you sue for damages that include lost royalties. If your case is successful, the person who violated your intellectual property rights are required to pay to all of your legal fees in addition to pay off for using your work without permission.
Detail information at What is Intellectual Property?
Related Articles:
http://www.wipo.int/about-ip/en/
https://www.law.cornell.edu/wex/intellectual_property
http://legal-dictionary.thefreedictionary.com/Intellectual+Property
