Intellectual Property Rights

Intellectual Property Rights (IPR) refer to legal rights granted in a creation or invention by an individual or organization. These rights are intended to protect the author's exclusive use of the creation and to provide economic benefit from the creation.

Intellectual Property Rights

There are four main types of intellectual property rights. Patents: These are exclusive rights granted to the inventor, giving the right to exclude others from making, using, or selling the invention without permission. Trademarks: These are symbols, logos or words used to identify and distinguish goods and services from others. Trademarks protect a brand's unique identity and reputation. Copyrights: These protect literary, artistic, and other creative works such as books, music, and computer software. Copyright owners have the exclusive right to reproduce, distribute, publicly perform or display their work. Trade Secrets: This is confidential information such as formulas, processes and designs that give a company a competitive advantage. Trade secrets are protected by various state and federal laws.

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