In this essay we will discuss about:- 1. Definition of Intellectual Property 2. Concept of Intellectual Property 3. Types.
Essay # 1. Definition of Intellectual Property:
Intellectual property is a phrase used to describe certain legal rights that people may hold over “creations of the mind,” such as works of art, writing, inventions, designs, ideas, music, or choreography.
Intellectual property is a right one has on his/her creations, like a film, a musical composition, an invention, a brand name, etc. Like any other real property, one has the right to own and protect the creations of his/her mind.
Such a right is called intellectual property. If anyone has an Intellectual Property (IP) over any of his/her work or ideas, others need to take permission before using it. Otherwise one can initiate legal action against such persons.
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Intellectual Property (IP) rights are the rights awarded by society to individuals or organizations principally over creative works, inventions, literary and artistic works, and symbols, names, images, and designs used in commerce. They give the creator the right to prevent others from making unauthorized use of their property for a limited period.
Essay # 2. Concept of Intellectual Property:
The concept of Intellectual Property (IP) will be understood better if one understands what is meant by the term property.
Property is an asset that can be owned. There are two broad types of property. The first type of property is tangible. Tangible property includes items that can be seen and touched. Tangible property includes real estate, cars, jewellery and clothing. Another type of property is intangible. Intangible property is what cannot be seen. Examples of intangible property include the ideas contained in books, journals, or music.
It also includes the coding for computer software. These intangible forms of property are often called intellectual property. Intellectual property, like real property is an asset. However, unlike real property, it is not something one can feel, smell, or touch. It is simply the property created by the application of human mind. It is non-physical (incorporeal) and it derives its value from idea(s).
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Intellectual property can be characterized as the property in ideas or expressions. It is a creation of the mind, for example, a technological innovation, a poem, or a design. It protects the rights of individuals and businesses who have transformed their ideas into property by granting rights to the owners of those properties.
Essay # 3. Types of Intellectual Property:
Intellectual Property has been generally divided into two main categories:
a. Industrial Property.
b. Copyright protects.
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a. Industrial property:
Industrial property consists of rights relating to inventions, trademarks and industrial design. These includes patents to protect inventions, and industrial designs, which are aesthetic creations determining the appearance of industrial products. Industrial property also covers trademarks, service marks, layout designs and integrated circuits, commercial names and designations, as well as geographical indications.
b. Copyright protects:
Copyright protects rights related to creation of human mind in the fields of literature, music, art and audio-visual works. The owner of copyright has rights not only in the original work, but also in creative work that is derived from the original work, e.g. its translation or adaptation or production of a film based on the original work. Such rights relating to a copyright are called related rights.