Define the nature and kinds of Intellectual Property?

 Define the nature and kinds of Intellectual Property?
Introduction: - The term 'Intellectual Property' signifies creation from intellectual practice, for example, logical modern practice, actually or excellent field. All these rights are available intimately. All these rights are vested in the owner by his intelligence. Human skills and intelligence are a very important part of intellectual property. The actual or actual owners of intellectual property are authors, owners, inventors, designers, programmers or producers.
nature and kinds of Intellectual Property
nature and kinds of Intellectual Property

Scope of Intellectual Property
The Convention has established the World Intellectual Property Organization (WIPO), which has given a detailed definition of IPR. IPRs rights under this definition relate to:
1. Artistic, literary and scientific work;
2. Performances and phonograms and broadcasts of artists;
3. Scientific understanding;
4. Commercial names, designations, trademarks and service marks;
5. Invention;
6. Protection of rights from unfair competition and other rights such as industrial, scientific, literary or artistic fields.
Intellectual property forms the legal rights and duties of an inventor or author, this right must be protected from theft, punished if this right is of theft. Otherwise it causes great harm to the inventor or writer and also discourages the original authors and stops them in the field of development of industry and technology.

Principles of Intellectual Property Law:- The principles of intellectual property law have been given equal and equal opportunities all over the world. It plays a very important role in the growth of creative efforts in every field of development such as industry, commerce and trade and human endeavor, every country protects the legal right of inventors or manufacturers and encourages their intelligence and their individual Capacity. This person has been given value and legal rights and protection have also been provided by the country.

Nature of Intellectual Property:- The nature of intellectual property is intangible, property is included. It includes the legal right of the inventor or manufacturer. In some cases, an individual's right to use intellectual property has to be licensed from state-governed, depending on the subject matter patent rights.

Form of ‘Intellectual Property’:- Intellectual property consists only of designs, patents, trade secrets etc. Methods of acquisition, legal rights and duties are also called intellectual property.

Classification of Intellectual Property:- 
- Intellectual property can be divided into two major branches. They are as follows: -
1. Industrial Property; And                      
2. Copyright.
I. Industrial Property: - There are three types of industrial property. They are as follows: -

A) patent;
B) trademark and
C) Industrial Design.

a. Patent: - The word 'patent' is derived from the Latin word 'patent', which simply means 'to open'. A patent is a form of industrial property or now a days it is also called intellectual property. It is also called a monopoly right granted to a person who has invented a new process to improve existing articles or create articles. This includes special rights created according to the process invented for a fixed limited period. After the patent expires, anyone can invent and use it. Now-a-days patents are called intellectual property. The owners of the patent have the right to sell the patent. He also has the right to license others to take advantage of the patent.

B. Trade mark: - A person who sells his goods or products under a particular trademark required inclusive symbol or under the term goods, labels or an instrument applied for the purpose of signaling to the public for commercial purpose That they are goods manufactured by a particular person or a company which is different from the same
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