IP is protected in law by, for example, patents, copyright and trademarks, which enable people to earn recognition or financial benefit from what they invent or create. By striking the right balance between the interests of innovators and the wider public interest, the IP system aims to foster an environment in which creativity and innovation can flourish.
WHAT IS INTELLECTUAL PROPERTY?
Intellectual property refers to creations of the mind: inventions;literary and artistic works; and symbols, names and images used in commerce.
Intellectual property is divided into two categories:
- Industrial Property
Copyright is a legal term used to describe the rights that creators have over their literary and artistic works.
A patent is an exclusive right granted for an invention. Generally speaking, a patent provides the patent owner with the right to decide how - or whether - the invention can be used by others.
A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises.
A design may consist of three-dimensional features, such as the shape or surface of an article, or of two-dimensional features, such as patterns, lines or color.