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What is Intellectual Property?

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Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

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.

Types of intellectual property

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Copyright : meaning of intellectual property

Copyright is a legal term used to describe the rights that creators have over their literary and artistic works. Works covered by copyright range from books, music, paintings, sculpture and films, to computer programs, databases, advertisements, maps and technical drawings.

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Patents :(meaning of intellectual property)

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. In exchange for this right, the patent owner makes technical information about the invention publicly available in the published patent document.

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Trademarks : intellectual property of india

A trademark is a sign capable of distinguishing the goods or services of one enterprise from those of other enterprises. Trademarks date back to ancient times when artisans used to put their signature or “mark” on their products.

(IMAGE: COURTESY OF MIHAIL STAMATI)

Industrial designs : intellectual property of india

An industrial design constitutes the ornamental or aesthetic aspect of an article. 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.

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Geographical indications

Geographical indications and appellations of origin are signs used on goods that have a specific geographical origin and possess qualities, a reputation or characteristics that are essentially attributable to that place of origin. Most commonly, a geographical indication includes the name of the place of origin of the goods.

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Trade secrets : intellectual property of india

Trade secrets are IP rights on confidential information which may be sold or licensed.  The unauthorized acquisition, use or disclosure of such secret information in a manner contrary to honest commercial practices by others is regarded as an unfair practice and a violation of the trade secret protection.

Raising awareness of IP

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World IP Day

On April 26 every year we celebrate World Intellectual Property Day to promote discussion of the role of IP in encouraging innovation and creativity. Find out how you can take part.

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WIPO Magazine

Subscribe for free to read stories, articles and interviews showing IP, innovation and creativity at work across the world. (Available in English, French and Spanish).

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Tools for public outreach : intellectual property right

Our outreach tools are free resources to assist IP offices and organizations in planning and implementing public campaigns to build better understanding and use of IP.

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WIPO Magazine : intellectual property right

Subscribe for free to read stories, articles and interviews showing IP, innovation and creativity at work across the world. (Available in English, French and Spanish).

(PHOTO: ISTOCKPHOTO.COM/TIMSA)

Tools for public outreach : intellectual property of india

Our outreach tools are free resources to assist IP offices and organizations in planning and implementing public campaigns to build better understanding and use of IP.

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WIPO awards : meaning of intellectual property

The awards program helps our member states foster a culture in which innovation and creativity are celebrated. All nominations are submitted through national IP offices.

IP and…

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Artificial intelligence

Find out how AI, big data analytics and new technologies such as blockchain can be used to address the growing challenges facing IP offices.

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Gender equality

Men and women are equally as creative and innovative. Yet, women remain under-represented in many areas. Find out how WIPO works to tackle this issue. injectiveprotocol.com

IP for…

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Business

Learn how an understanding of IP can help businesses become more competitive and manage related risks.

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Universities

Universities and public research institutions are the factories of the knowledge economy. Discover how IP policies and knowledge transfer are critical to their work.

Judiciaries

Find out how WIPO is supporting judiciaries in dealing with the novel legal questions that often arise from IP disputes in a rapidly changing technological environment.

FAQ:

What do you mean by intellectual property?
Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

Why is it called intellectual property?

In fact, in the U.S., the term “intellectual property” first came into wide use in the U.S. when advocates of the patent system sought to lump patent law together with copyright law in order to gain the advantage of the relatively more secure reputation of copyright law in the late 1800s.

What are the 4 types of intellectual property?

The four categories of intellectual property protections include:

  • Trade Secrets.
  • Patents. …
  • Copyrights. …
  • Trademarks.

What is the value of intellectual property?
The value of an IP asset represents the potential future economic benefits to the IP owner or authorized user. Value can be derived through: direct exploitation of the IP by integrating it within the product; sale or licensing of the IP to a third party

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