What is Intellectual Property (IP) ?
Intellectual Property (IP) is defined as an intangible form of property, as opposed to personal property or real property, which is concrete tangible. Intellectual Property is the result of the result of creativity. Examples include images, symbols, names, designs, industrial processes and business methods used in commerce; inventions; artistic, literary and musical works; and software.
In legal terms Intellectual property (IP) means any patent, trademark, copyright and design.
What is Intellectual Property Law ?
the Intellectual property law deals with patent , copyrights, trademarks, design and trade secret laws. It envisages the protection of intellectual property rights. Intellectual Property Law formulates and suggests measure to protect the property against any infringement.
Intellectual Property and industrial property are synonymous. Intellectual property rights (IPRs) can either be assumed or acquired throughregistration. Examples of the automatic assumption of rights are copyright and design rights. The registered rights include patents, registered trademarks and registered designs.
Intellectual Property rights give the owner a right to stop any unauthorized use of his property by anyone without his permission and authority.