Intellectual Property Consultants
Difference between Intellectual Property, Copyright & Trademark
Intellectual property (IP) refers to all forms of intangible creations, such as inventions, trademarks, and copyright. IP includes any idea that is unique and original, regardless of its form or medium—such as a creative work or business plan.
Copyrights are a form of intellectual property (IP). An IP is any type of intangible asset that gives its owner the right to control how, when, and where it can be used. Copyrights protect the expression of ideas and information. In addition to protecting creative works, copyright law ensures that people can freely use facts and ideas that have already been expressed in a tangible way. Many people view copyright as a way of protecting one's hard work and investment in creating something valuable.
Trademarks are a form of intellectual property that grants exclusive ownership to the owner for a specific product or service. Trademark protection is important because it allows businesses to maintain their competitive edge over their competitors. This helps ensure that consumers recognize the source of a given product, increasing the likelihood that they will choose to buy from that business instead of another one.