Intellectual property law may vary according to the country the intellectual property is domiciled or registered in. However in general, this type of law recognizes four main areas, namely; trademarks, patents, trade secrets and copyrights. Under the law, protection can also be sought for other forms of intellectual property including industrial designs and plant varieties.
Intellectual property law explained
Intellectual property law provides the owners with an exclusive set of rights and protection provided their property is an intangible asset that is in the form of; music, literary or artistic works, symbols, designs, inventions or ideas.
The most renowned forms of intellectual property protection comes in the following types; patents, copyrights, trademarks, industrial design rights and trade secrets. However each jurisdiction offers their own set of requirements to be met in order to obtain the exclusive rights for the intellectual property.
Within intellectual property law are trademark law, copyright law and patent law. All of which provide the scope of protection, rights and remedies for their respective property.
The main impetus behind enforcing this type of law is to provide confidence and security for intellectual property owners to use their property in commerce without the risk of the property being passed off as another’s or the risk of their IP rights being infringed. It also encourages individuals to come up with intellectual property designs, inventions, ideas and artistic creations knowing that their work will be protected under law.