Intellectual Property Rights

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Intellectual Property Rights



In law, particularly in common law jurisdictions, intellectual property or IP refers to a legal entitlement which sometimes attaches to the expressed form of an idea, or to some other intangible subject matter. This legal entitlement generally enables its holder to exercise exclusive rights of use in relation to the subject matter of the IP. The term intellectual property reflects the idea that this subject matter is the product of the mind or the intellect, and that IP rights may be protected at law in the same way as any other form of property.

Intellectual Property
Software patent


Legal systems for the protection of IP rights exist around the world and are becoming increasingly harmonised through the effects of international treaties such as the WTO Agreement on Trade-Related Aspects of Intellectual Property Rights.

Overview
The most well known forms of intellectual property include copyrights, patents, trademarks, and trade secrets. Patents and trademarks fall into a particular subset of intelectual property known as industrial property.

* Copyright may subsist in creative and artistic works (such as books, movies, music, paintings, photographs and software)
* A patent may be granted in relation to a new and useful invention
* A trademark is a distinctive sign which is used to distinguish the products or services of one business from those of another business
* A trade secret is an item of confidential information concerning the commercial practices or proprietary knowledge of a business.

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The five main types of non-physical things considered to comprise intellectual property are copyrights, patents, trademarks, designs and confidential information (in some jurisidctions referred to as trade secrets. Common types of intellectual property rights protect different types of intangible subject matter:

* Copyrights, which give the holder some exclusive rights to control reproduction or adaptation of creative works, such as books, music, films and visual arts for a certain period of time.

* Patents give the holder an exclusive right to commercially exploit an invention for a certain period, typically 20 years from the filing date of a patent application.

* Trademarks or trade marks are distinctive names, phrases or marks used to identify products to consumers as having been produced or marketed by a particular source and can be registered or unregistered.
* Designs are the form of appearance, style or design of an industrial object, for example furniture or textiles.

* Confidential information protects the value or secrecy of information or knowledge. In some jurisdictions confidential information is called trade secrets; in others, trade secrets are that subset of confidential information related to commercial activity. A trade secret would be where a company keeps information secret, perhaps by enforcing a contract under which those given access to the information are not permitted to disclose it to others.

These rights, conferred by law, can be given, sold, granted to others (called "licensing") and, in some countries, even mortgaged, in much the same way as physical property (especially real property). However, the rights have limitations, including term limits and other considerations (such as intersections with fundamental rights and the codified or statutory provisions for fair use for copyright works). Some analogize these considerations to public easements, since they grant the public certain rights which are considered essential. It is important to appreciate that different countries may have subtle or dramatic differences in the scope or protection and pernmitted uses of different types of intellecual property. A fair use in one jurisdiction can easily be an infringing use elsewhere.

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Controversy
The basic public policy rationale for the protection of intellectual property is that IP laws facilitate and encourage disclosure of innovation into the public domain for the common good, by granting authors and inventors exclusive rights to exploit their works and invention for a limited period.

However, various schools of thought are critical of the very concept of intellectual property, and some characterise IP as intellectual protectionism. There is ongoing debate as to whether IP laws truly operate to confer the stated public benefits, and whether the protection they are said to provide is appropriate in the context of innovation derived from such things as traditional knowledge and folklore, and patents for software and business methods. Manifestations of this controversy can be seen in the way different jurisdictions decide whether to grant intellectual property protection in relation to subject matter of this kind, and the North-South divide on issues of the role and scope of intellectual property laws.

Types of intellectual property
Copyright
* Geographical indication
* Industrial design rights
* Integrated circuit layout
* Moral rights
* Patent
* Personality rights
* Plant breeders' rights
* Trade dress
* Trademark
* Trade secret

See also:
* Licensing
* Personal property
* Philosophy of copyright
* Real property
* Reverse engineering
* Software patent

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It uses material from the Wikipedia article "Intellectual Property".