This document defines and describes different types of intellectual property rights (IPR), including copyrights, patents, trademarks, and trade secrets. It explains that IPRs provide legal protections for creative works and inventions by giving creators and inventors exclusive control over their creations. This promotes innovation and creativity by allowing rights holders to profit from what they develop. Overall, IPRs play a crucial role in encouraging the production and dissemination of new knowledge and ideas.

1. Intellectual Property Rights
Submitted To: Anupam Sharma
Submitted By:David Vazirov

2. What are Intellectual Property Rights?
Intellectual property rights (IPR) refer to legal rights that protect creative
works and inventions.
Each type of IPR serves a specific purpose and provides different types of
protection.
IPRs are intended to promote creativity and innovation by providing
creators and inventors with exclusive rights to their creations and
encouraging them to make them available to the public.

3. Types of Intellectual Property
COPYRIGHT PATENTS TRADEMARK TRADE SECRETS

4. Types of
Intellectual
Property
COPYRIGHT PATENTS
TRADEMARK TRADE SECRETS

5. What is Copyright?
•Copyrights protect original works
of authorship such as literature,
music, and software.
•They give the creator of the work
the exclusive right to reproduce,
distribute, and display the work
publicly.

6. Advantages of Copyright:
• Gives the creator of the work the
exclusive right to reproduce, distribute,
and create derivative works.
• Others cannot use or profit from the
work without the permission of the
copyright holder.
• Typically lasts for the lifetime of the
creator plus a certain number of years
after their death.

7. Examples of Copyright:
• A software developer writing and distributing a computer program, and
using copyright to control the use and distribution of the software.
• An author writing and publishing a book, and using copyright to control
the distribution and sale of copies.
• A musician recording and releasing an album, and using copyright to
control the use of their songs in other media.
• An artist creating a painting or sculpture, and using copyright to control
the reproduction and display of their work.

8. What are Patents?
•Patents are a grant that protect
inventors by giving them the
exclusive right to make, use, and
sell an invention for a certain
period of time.
•These are usually used by
businesses to stop competitors
from stealing proprietary
blueprints, designs and concepts.

9. Advantages of Patents:
• In order to be eligible for a patent, an
invention must be new, useful, and
non-obvious. This means that it cannot
be something that already exists or is
obvious to someone skilled in the
field.
• Patents are typically granted for a
period of 20 years from the date of
filing, making them suitable for use in
product manufacturing, etc.

10. Examples of used Patents:
• Pharmaceutical companies who use patents to protect their drug
formulas and production processes.
• Technology companies who use patents to protect their software and
hardware innovations.
• Automobile manufacturers who use patents to protect their unique
designs and engineering advancements.
• Biotechnology companies who use patents to protect their genetic
engineering techniques and discoveries.

11. What are Trademarks?
•Trademarks protect distinctive
signs and symbols used to identify
and distinguish goods and services.
•They can include words, logos, or
other symbols that are used in
commerce.

12. Advantages of Trademarks:
• Trademarks are intended to prevent
consumer confusion and protect the
reputation of the trademark holder.
• A trademark is only granted when a
symbol is iconic, recognized and not
similar to other pre-existing registered
trademarks.
• Trademarks allow an individual or
brand to freely use their symbols on
any product worry free.

13. Examples of used Trademarks:
• McDonald's using their trademarked "Golden Arches" logo and "I'm
Lovin' It" slogan in their advertising and on their restaurant signage.
• Amazon using their trademarked smile logo and "Amazon Prime" name
and logo for their subscription service.
• IBM using their trademarked name and logo on their computer
hardware and software products.
• Louis Vuitton using their trademarked monogram pattern on their luxury
handbags, luggage, and accessories.

14. What are Trade Secrets?
•Trade secrets protect confidential
business information.
•This can include information such
as manufacturing processes,
customer lists, or other sensitive
information that gives a company a
competitive advantage.

15. Advantages of Trade Secrets:
• They can be used in conjunction with
patents, trademarks or copyrights to
provide an additional layer of
protection for a company's intellectual
property.
• They can be more flexible than other
forms of intellectual property, as they
can be kept secret or revealed
depending on the specific
circumstances.

16. Examples of used Trade Secrets:
• KFC is known for using a trade secret for its "Original Recipe" of 11 herbs
and spices that is used to coat its fried chicken.
• A technology company like Apple keeping the source code of its
software confidential.
• Nike is known for keeping the details of its manufacturing process and
supply chain confidential.
• The manufacturing process for a product, such as a chemical or
pharmaceutical.

17. Why are Intellectual Property Rights
important?
Intellectual property rights (IPR) are important for several reasons. They provide legal
protection for creators and inventors by giving them exclusive rights to their creations
and inventions.
This protection ensures that they are able to profit from their work and have control
over how it is used and distributed.
Without IPRs, it would be much more difficult for creators and inventors to protect
their work from unauthorized use, which could discourage creativity and innovation.

18. Why are Intellectual Property Rights
important?
They incentivize creativity and innovation: IPRs provide an incentive for creators and
inventors to invest time and resources into developing new and innovative works.
They promote the dissemination of knowledge: IPRs encourage creators and
inventors to make their work available to the public.
They foster competition and growth in the economy: IPRs promote competition in the
marketplace by ensuring that different companies and individuals have the ability to
create and market their own unique products and services.
IPRs like traditional knowledge can help in protecting the traditional cultures and
knowledge which has been passed from generation to generation.

19. Conclusion:
IPRs play a crucial role in protecting creators and inventors, promoting creativity and
innovation, fostering competition and growth in the economy and preserving cultural
heritage. They are important for ensuring that new ideas and knowledge are shared
and used to benefit society as a whole.
It is important to respect and understand IPR laws in order to support creators and
inventors and to ensure that new and innovative works are able to reach their full
potential.