What is Intellectual Property (IP)? - Big Picture -

Hello, I’m Yoshi.
Let me talk today about what is Intellectual Property (IP).
IP refers to any product of the human mind or intellect, such as an idea, invention, expression, unique name, business method, industrial process, or chemical formula.

IP has some value in the marketplace.

IP has some value in the marketplace, and can ultimately be reduced to a tangible form, such as a computer, a chemical, a software-based invention, or a gadget, a process.
In short, IP law determines when and how a person can capitalize on a creation.
In recent years, the role of IP has expanded greatly, and it will continue to do so as our society becomes more dependent upon technology and information.

Several distinct subcategories

Over the years, IP law has fallen into several distinct subcategories, according to the type of Patent Law, Trademark Law, Copyright Law and Unfair Competition Law.

Patent Law provides rights with regard to technological inventions.
Patent Law has THREE (3) types of Patents: Utility Patent, Design Patent and Utility Model.

Some countries protect THREE (3) types of Patents only by ONE (1) Patent law but other countries establish individual separate laws besides Patent law.
The details of THREE (3) types, let’s see later in another videos.

Trademark Law provides rights related to certain symbols such as a word, design, color, or sound.
Trademark is used to identify a brand of goods or services.

Copyright Law provides rights related to expressive works, such as books, songs, and movies.
It grants authors, composers, programmers, artists, and others the right to prevent others from coping or using their original expression without permission.

Unfair Competition Law gives rights to owners of nonfunctional mental creations that don’t fall within the right offered by the four types of law just discussed but that have nevertheless been unfairly copies by competitors.

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