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Intellectual Property

Intellectual property (IP) encompasses creations of the mind, including inventions, artistic works, and symbols, granting exclusive rights to creators for a limited time. Key protections under IP laws include copyright, which secures rights for original works, and patents, which protect inventions by providing inventors exclusive rights for a specified duration. Copyright encourages creativity by allowing creators to control and financially benefit from their works, while patent protection fosters innovation by granting temporary monopolies on inventions.

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29 views3 pages

Intellectual Property

Intellectual property (IP) encompasses creations of the mind, including inventions, artistic works, and symbols, granting exclusive rights to creators for a limited time. Key protections under IP laws include copyright, which secures rights for original works, and patents, which protect inventions by providing inventors exclusive rights for a specified duration. Copyright encourages creativity by allowing creators to control and financially benefit from their works, while patent protection fosters innovation by granting temporary monopolies on inventions.

Uploaded by

mordiwallace342
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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Intellectual

Property

December 5, 2023
EDPM
Daniel M Wallace
Mr. Leroy Brown
What is Intellectual Property?

Intellectual property (IP) refers to creations of the mind, such as inventions, literary and artistic works, designs,
symbols, names, and images used in commerce. It is a category of property that includes patents, trademarks,
copyrights, and trade secrets, providing exclusive rights to the creators or owners for a certain period, allowing
them to control the use of their creations.

Describe two rights that are protected by Intellectual Property laws?

Copyright Protection:
Copyright is a form of intellectual property protection that grants exclusive rights to the creators of original
works of authorship. This includes literary works, artistic creations, musical compositions, and other intellectual
works. Copyright protection gives the creator the exclusive right to reproduce, distribute, perform, display, and
create derivative works based on their original creation. This protection encourages creativity by allowing
creators to control how their works are used and financially benefit from them. Copyright laws vary by country,
but they generally provide protection for a limited duration, after which the work enters the public domain.

Patent Protection:
Patents protect inventions and innovations, granting inventors exclusive rights to their discoveries for a limited
period. To obtain a patent, an inventor must disclose their invention in detail to the public in a patent
application. In return, the inventor receives the exclusive right to make, use, sell, and import the invention for a
specified period, typically 20 years from the filing date. Patent protection encourages inventors to invest time
and resources in developing new technologies by providing them with a temporary monopoly on the
commercial exploitation of their inventions. Patents are essential in promoting innovation and technological
advancement in various industries.

Describe the term “Copyright”?

Copyright is a form of intellectual property protection that grants exclusive rights to the creators of original
works of authorship. These works can include literary works, artistic creations, musical compositions, and other
intellectual creations. Copyright provides the creator with the exclusive right to control the reproduction,
distribution, public performance, and creation of derivative works based on their original creation.

The purpose of copyright is to encourage creativity by allowing creators to benefit financially from their works
and to control how their works are used. Copyright protection is automatic upon the creation of the work, and it
typically lasts for the lifetime of the author plus a certain number of years (the duration varies by jurisdiction).
After the copyright expires, the work enters the public domain, becoming freely available for the public to use.

REPORT TITLE 2
References

Copyright (wipo.int)
https://www.wipo.int/
USPTO
WIPO

REPORT TITLE 3

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