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What Is An Intellectual Property (IP)? - Education - Nairaland

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What Is An Intellectual Property (IP)? by ansons: 10:42am On Mar 02, 2022
In today's techno-savvy world, new inventions and innovative creations are happening at a fast pace. But along with this, security concerns have also raised the need to get your invention protected so that it does not get misused by any unauthorized person. Intellectual Property rights can help you in this.

What are intellectual property rights?

Intellectual property rights are the rights that give the owner of the invention a right to get their creation registered in their name. It gives them a legal right over the property. The owner of the property can file a case against any person who uses their property without permission. Also, they can use the property for personal and commercial purposes. Intellectual property rights can be granted for unique ideas, products, inventions, literary and artistic works, designs, symbols, and names. The duration of these rights depends on the type of invention you have and the kind of intellectual property rights you choose for your invention. The duration period also depends on the rules and regulations defined by government-related of the country in which you want to get your creation registered.

What are the different types of intellectual property rights?

Are you feeling confused about what type of intellectual property right suits your invention? Here a is the details of different kinds of intellectual property rights:

Patents

A patent is an exclusive right granted to a person who has developed a new product or a process that defines a new way of doing something or provides a technical and feasible solution to a problem that was unsolved. To get your invention patented, you need to disclose each detail about your invention. Usually, patents are granted for 20 years.

Trademark

A trademark is a symbol, word, or phrase which denotes or represents a business. Brands help give your business a distinct identity and also help to advertise your products in the market. Trademarks generally don't have a fixed time period but the owner must use them on a regular basis to avail legal protection associated with them. It is not necessary for a trademark to be registered.

Copyrights

Copyrights are one of the most commonly used intellectuals' property rights. They are granted for artistic and literary works such as books, poems, stories, film, art objects, etc. The duration of copyright is for lifetime and sixty years after the creator's death.

Summing Up

These are some essential details about intellectual property rights that you need to know. Make sure to get your invention protected with the right kind of intellectual property right. You can also take the help of our legal professionals in the registration process. We will help you at every step of the registration process and help you get the intellectual property right for your invention in minimum time.

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