TYPES OF INTELLECTUAL PROPERTY

The types of intellectual property include:

1.      Trade Secrets: It is the type of intellectual property in the form of a formula, process, design, instrument, pattern, commercial method which is generally ascertainable to others so that the business can obtain the economic advantage.

2.  Trademarks: It is the type of intellectual property consisting of sign, design or expression which identifies products or services. Trademarks which are used to identify services are called as service marks.

3.      Copyrights: It is the exclusive right given to the creator for his creative work (music, literature, poems, songs). Copyright is intended to protect the original expressions of idea in the form of creative work, but not idea itself.

4.      Patents: It is the legal right given to the owner to exclude others from making, using, selling, and importing an invention for a limited period of time, usually 20 years.

5.      Geographical indicators: It is the name or sign used on the products which corresponds to a specific geographical location or origin.