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Intellectual Property Rights (Advantages of Intellectual Property (There…
Intellectual Property Rights
Type Of Intellectual Property Rights
Trade Secrets
Protect secret information.
example: new invention, coke formula
Trademarks
Protects brands
example: Apple for cell phones
Copyrights
Protect works of authorship.
example: books, movies, drawing
Patents
Protect functional ornamental features
example: swipe feature or iphone design
Definition : define as any "original creative work
manifested in a tangible form that can
be legally protected . IPR includes a wide range of legal and moral that is bestowed upon the creators and inventors.
Right associated with intellectual property which gives legal protection is referred to as Intellectual Property Rights. when we speak of IP rights, we refer to controlling the way IP is used, accessed or distributed.
How to avoid intellectual property violations.
Create original images or music in advertisements.
Obtain the appropriiate licenses
Use royalty free media.
Advantages of Intellectual Property
There are no fees associated with Intellectual property
Ability to have a competitive edge over other similar business.
Intellectual property enhances your company's value
Intellectual property helps you market your company's products and services
You can more easily obtain financing for your business
Greater export opportunities.
Intellectual property infringement
Copyright infringement
Pattern infringement
Trademark infringement
Design infringement
Disadvantages of Intellectual Property
Additional costs
Pirating
Reduced quality