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What is Intellectual Property?
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Definition
Intellectual property (IP) is the name given
to property arising out of human
intellectual effort.
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The output of human
intellectual effort often
manifests itself as new
or original knowledge or
creative expression
which adds a desirable
quality to a marketable
product or service.
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Various elements provide intellectual output
with attributes that, in one way or another,
enhance the quality of life.
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These elements may be called
► human endeavour,
► ingenuity,
► creativity,
► inventiveness,
► flash of inspiration,
► sudden insight, or
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► These Elements may involve in
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Intellectual property refers to creations of the mind:
► Inventions,
► literary,
► Artistic works,
► Symbols,
► Names,
► Images.
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Characteristics of IP
► A key characteristic of any property is that
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
In both the
case the
owner has
exclusive
right to
determine
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
Has economic Has economic
value as long as it value only for the
exists or as long duration specified
as there is in the laws and as
demand for it. long as there is
demand for it.
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
Possibility of theft Greater possibility
and disputes of theft and
concerning disputes concerning
ownership is rather ownership.
limited.
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
In both the
cases
Expenditure
or income
from the
property may
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
Both the
properties
May be
valued and
reflected on
account
books and
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
Both the
properties
May be
securitized
and used as
collateral for
borrowing
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Intellectual Property
Physical Property
(Intangible or
(Tangible or Material)
Immaterial)
Both the
properties
May be
insured.
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Intellectual Property
Industrial Designs
Trade Secrets
Geographic Indications
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Patents
A patent is an exclusive right granted for an
invention, which is a product or a process that
provides a new and non-obvious way of doing
something, or offers a new and non-obvious
technical solution to a problem.
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Trade Mark
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Industrial Designs
An industrial design (or simply a design) is
the appearance of the whole or part of a
product resulting from features of, in
particular, the lines, contours, colours,
shape, texture and/or materials of the
product itself and/or its ornamentation.
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Trade Secrets
Trade secrets or confidential business information
are any information that can be used in the
operation of a business and that is sufficiently
valuable and secret to afford economic advantage
over others.
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Geographic Indications
A geographical indication is a sign used on goods that
have a specific geographical origin and possess qualities
or reputation that are due to their place of origin.
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Copyright
ion
Copyright describes a bundle of rights
given to creators in relation to their literary
and artistic works. It protects items such as
paintings, drawings, sculptures,
photographs, architecture, instruction
manuals, software, databases, technical
documentation, advertisements, maps,
literary works, music, films or songs.
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One Product, Many IP Rights
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CD Player
► The innovative technical features of the product
by INDUSTRIAL DESIGN.
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CD Player
► The Brand used to market it can be protected as a
TRADEMARK.
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CD Player
► In addition, the inventors of CD chose to grant the
authorization (or LICENCE) to a number of companies to use the
CD technology in exchange of Payment, thus acquiring additional
income from the LICENCE.
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