Definition of Intellectual Property



Intellectual Property or IP is a common business term which is referred to anything which any organization or mind creates which is unique and innovative. IP is fortunately protected by the law to main a balance between innovation and public use or interest. Innovators get paid everything their piece of art or innovation is used for personal or commercial purposes.

 


The common type of things covered in IP are;

  • Music
  • Paintings
  • Books
  • Photos
  • Logos
  • Articles, Blogs etc.
  • Work Processes
  • Slogan
  • Movies
  • Games

 


There are 4 types of protection available to IP;

  1. Trademarks
  2. Copyrights
  3. Patents
  4. Trade secrets
 

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