What is Intellectual Property?
Merriam Webster says "intellectual property: property (as an idea, invention, or process) that derives from the work of the mind or intellect: an application, right, or registration relating to this."
The intellectual property rights definition gives the creator or holder exclusive rights to the intellectual property for varying lengths of time, depending upon the type of intellectual property.
In the United States, Intellectual Property rights are overseen by the United States Patent and Trademark Office, and the United States Copyright Office.
Worldwide, the officiating body is the World Intellectual Property Organization, for all those countries participating.
Intellectual property is property of the mind, according to WIPO, World Intellectual Property Organization and they say:
Intellectual property is divided into two categories: Industrial property, which includes inventions (patents), trademarks, industrial designs, and geographic indications of source; and Copyright, which includes literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs. Rights related to copyright include those of performing artists in their performances, producers of phonograms in their recordings, and those of broadcasters in their radio and television programs.
Again quoting WIPO, "intellectual property shall include rights relating to:
- literary, artistic and scientific works,
- performances of performing artists, phonograms and broadcasts,
- inventions in all fields of human endeavor,
- scientific discoveries,
- industrial designs,
- trademarks, service marks and commercial names and designations,
- protection against unfair competition"