Forms of Intellectual Property

In law particularly common law jurisdiction intellectual property(IP) refers to a legal entitlement which sometime attaches to the expressed form of an idea or of other intangible subject matter.The Most well known form of intellectual property include copyrights, patents,trademarks & trade secrets. Common types of intellectual rights including

• Copyrights- which give the holder some exclusive rights to control some reproduction of works of authorship such as books and music, for a certain period of time
• Patents give the owner an exclusive right to prevent third parties from commercially exploiting an invention for certain specified period, usually 20 years from the date of a patent application
• Trade marks are distinctive phrases, manes or marks used to identify products to consumers
• Trade secrets, where a business firms keeps information secret, perhaps by enforcing a contract under which those given access to information are not permitted to disclose it to others