What are the four types of Intellectual Property and how do you protect them?
Intellectual property (IP) refers to the creations of the mind, such as inventions, literary and artistic works, symbols, names, images, and designs used in commerce. There are four main types of intellectual property: patents, trademarks, copyrights, and trade secrets. Patents: protect inventions and discoveries, such as new products or processes, for a certain period of time. Once a patent is granted, the inventor has the exclusive right to make, use, and sell the invention. Trademarks: protect brands, logos, and other symbols that distinguish a business or product from its competitors. Once a trademark is granted, the business has the exclusive right to use the trademark in connection with its goods or services. Copyrights: protect literary, dramatic, musical, and artistic works, such as books, songs, and paintings. Once a copyright is granted, the author has the exclusive right to reproduce, distribute, and display the work. Trade secrets: protect confidential information, such as