It’s really no news that we belong to an era that has been tagged the ‘information age’ our generation has more access to information more than previous generations. Understanding the role of Intellectual property cannot be underestimated. In today’s world assets no longer have to be tangible; some of the most powerful organizations on the world rely on abstract information to survive. These assets or property has to be transferable in order to capitalize on its value.
Intellectual property plays an important role in practically every sphere of living; the internet, health care, technology, entertainment, music and arts to mention a few. Basically, intellectual property allows you to own your creativity and innovation in the same way that you own your physical property like your blackberry *laughs*, laptops etc. It gives you control and you can be rewarded for its use and this encourages further innovation and creativity for the benefits of us all.
There are four main types of intellectual property accepted worldwide they are:
- Trademarks: For brand identity of goods, services allowing distinctions between different traders.
- Patents: For inventions of new and improved products and processes that are capable of industrial application.
- Designs: For product appearance of the whole or a part of a product resulting from the features in particular, the lines, contours, colors, shape, texture or materials of the product itself.
- Copyrights: For literary and artistic material, music, films, sound recordings and broadcasts including software and multimedia.
OK trust you learnt a thing or two, going forward I would be posting about intellectual property and how you too can protect your million dollar idea.