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What is Intellectual Property? When most people think of property, they typically think of land or physical possessions. However, there is another type of property that can be just as valuable, if not more so: intellectual property. Intellectual property is a broad category that includes creations of the mind, such as inventions, literary and artistic works, designs, and symbols. If you have created something that falls into one of these categories, it's important to be aware of your intellectual property rights and how to protect them. What Are the Different Types of Intellectual Property? There are four main types of intellectual property: patents, copyrights, trademarks, and trade secrets. Let's take a closer look at each one. Patents are granted for inventions that are new, useful, and non-obvious. In order to receive a patent, an inventor must disclose their invention in a patent application so that others can use the information to produce their own version of the invention. patents are typically valid for 20 years from the date the patent application is filed. Copyrights protect literary and artistic works, such as books, movies, music, and sculptures. Unlike patents, copyrights do not require disclosure; rather, they are automatically granted as soon as a work is created. However, copyrights only last for a limited time—generally the life of the author plus 70 years—after which the work enters the public domain and can be used by anyone. Trademarks protect brand names and logos from being used by other businesses. A trademark can be a word, phrase, symbol, or design that distinguishes one company's products from those of its competitors. Trademarks can be valid indefinitely so long as they continue to be used in commerce. Finally, trade secrets refer to any confidential information that provides a business with a competitive advantage. Unlike other forms of intellectual property, trade secrets can last indefinitely so long as they remain secret. Common examples of trade secrets include customer lists and recipes. Intellectual property is a broad category that includes creations of the mind such as inventions, literary and artistic works designs, and symbols. There are four main types of intellectual property: patents copyrights trademarks and trade secrets Each type offers different protections for creational works The duration that these protections last vary case-by-case If you have creational works that you would like to protect its best to consult with a solicitor who specialises in intellectual property law.

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