What is Intellectual Property?
Intellectual Property (IP) can be defined as the expression of one’s creativity in a tangible form.
For example, a business may create a unique name for their establishment, a musician may create a composition, a carpenter may build a unique table design, a chemical engineer may create a new type of pharmaceutical drug.
What are Intellectual Property rights?
Intellectual property can be safeguarded through the use of Intellectual Property rights (IPRs). IPRs are exclusive rights granted to the creator/owner of a creation. Patents, Trademarks, Industrial Design, Copyright & Neighbouring rights are some examples of IPRs that are used to safeguard IP.
Who can Own IP?
IP subsists in every industry (Business, Science, Entertainment etc). IP Owners can be the creator of a work, a company, a university or a collective group of persons. IP commonly subsists in the following industries:
- Business
- Fashion
- Entertainment
- Video Games
- Pharmaceutical
- Film
- Art
- Innovation
- Agricultural
- Chemical
- Construction
- Educational
- Health
- Tourism