Question

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

Answer 1

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:

1. 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.
2. Copyrights: Copyrights don’t protect your ideas but it protects how ideas are expressed. For example programming code, research papers, art, music, etc.
3. 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.
4. Trade secrets: Trade secrets are secret information used by companies such as systems, devices, formulas, etc. For example recipes of Domino’s pizza.
5. 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.