Various Kinds Of Intellectual Property
When we talk about property, it is not only the tangible things such as homes, structures, land, currency etc that are protected by law. Other kinds of property which are non- material in form also exist. They are termed intellectual property and these are also protected by the law. The three main types of intellectual property rights are patents, trademarks and copyrights.
Copyrights are intellectual property pertaining to rights of the creator over his or her original creation. This right may be awarded for songs, films, videos and other types of creative expressions and not only the literary or published material. The copyright accords the sole right of ownership over the piece in question besides rights to get financial advantages resulting from the work.
Trademarks afford intellectual property privileges which aim at preventing duplication and violation of graphical representations registered by someone for his own products, and they help a customer easily tell the source of a product. They safeguard the trademark owners from being economically exploited by unscrupulous elements.
The third kind of intellectual property right, termed as patent, safeguards the rights of inventors in their novel and beneficial invention. A patent is valid for a predefined span and allows the holder exclusive right to use and commercially exploit his or her invention.
Some other, less often enforced intellectual property rights are also safeguarded by the law. Some examples of other kinds are traditional understanding cultivated by natives of a specific region that is distinctive only to that area; trade secrets that include business secrets, for example, KFC’s recipe; and positional pointers that are a variant of trademarks used for products arising from a specific part of the world, for instance Champagne.
Though these forms of intellectual property are separate from each other there are certain commonalities between the three. All three are fully admissible under the law and the rightful owner can take legal recourse to enforce his right and claim reparation for any misuse.
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