Intellectual property law is the legal framework that regulates the creation of intellectual property. It includes patents, copyrights, trademarks, and trade secrets. Intellectual property rights (IPRs) are the exclusive rights that an owner of an invention or other work has over their ideas and creations. Intellectual property law is a legal system that protects and promotes the creation of new ideas, products, and services. It does this by granting exclusive rights to the creators of intellectual property.
The types of intellectual property include:
*Patents: These are granted for inventions (the things such as a new product or process).
*Trademarks: These are granted for a brand name or logo (like your business’s name or logo).
*Copyrights: These can give for literary works such as books and movies.