What are the four key forms of intellectual property Explain

What are the four key forms of intellectual property? Explain each form and give an example of each

Solution

intellectual property can be defined as the information and original expression that derives its original value from creative ideas and it is worth of commercial values.

the main forms are copy rights, patents, trademarks and trade secrets.

patent: is the contract between the inventor and the users. the inventor can produce some products and he can sell it in market. like selling Dominos products in India

Copy right: it is specific and exclusive right, describing rights given to creators for their artistic work or literacy. book publishing and movie distribution comes under this

trade mark; a wide identity of goods and services, to identify the products in market permitting differences to be made among different trades. it is a territorial right which needs a registration. here the producer can sell the right to sell the product in market for a particular region. mobiles selling in only flipcart comes under this

trade secret: is an information which kepts as confidential as a secret. this information is not accessed by any others other than the owners. they are legally not protected and it is the obligation of the producer to protect them. scientific formulas, methods and process comes under this, example is formula of Coke.