What we mean by Intellectual Property? What are types of intellectual property? Give examples.

What we mean by Intellectual Property? What are types of intellectual property? Give examples.

Expert Solution

Intellectual Property: Intellectual property are those properties which doesn’t exist as a physical object but has some value. For example design, software, concept etc. they all doesn’t exist as a physical object but has some value.

Types of Intellectual property:

Patents: Patents are the permissions which are given by the government for your new inventions for a specific amount of time. For example a research paper.
Copyrights: Copyrights don’t protect your ideas but it protects how ideas are expressed. For example programming code, research papers, art, music, etc.
Trademarks: Trademarks are also a form of patent in which the words, symbols, sounds, paragraphs are protected. For example the logo of Samsung, the shape of a coca-cola bottle, etc.
Trade secrets: Trade secrets are secret information used by companies such as systems, devices, formulas, etc. For example recipes of Domino’s pizza.
Right of publicity: In which a person has the right to protect his name, likeness, and persona. For example, I have the right to protect my name and image so that no one can use these without my permission.

keosha answered 2 years ago

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