What are intellectual property rights (IPRs) and why are they important?
What is the difference between a patent, registered design, trade mark, copyright?
Which bodies are responsible for granting intellectual property protection?
IP encompasses intangible assets that are the result of human creativity, for example inventions, new brands, designs or literary or artistic works.
IPRs are protection given to intangible assets. They are important as they ensure that the creator or owner of a work reaps any commercial benefits gained from the exploitation of that work.
They are all different types of IPR. A patent protects the function of a product, i.e. what it does, or steps of an industrial process, whereas a registered design protects the way a product looks. Trade marks provide protection for names or logos of products or services and copyright protects literary and artistic works.
All commercially significant countries have mechanisms for protecting IPRs. Each type of IPR is obtained in a different way, and can vary from country to country.
Most countries have a government agency which is responsible for granting protection. In the UK, the Intellectual Property Office (formerly known as the Patent Office) deals with IPRs.
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