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When we use the term property, it is not just the physical things such as houses, structures, vehicles, money etc that are protected by law. There are other types of property too which are provided for by law and safeguarded within the legal framework and these are termed intellectual property, which can be secured against infringement. Patents, trademarks and copyrights are the three main categories of intellectual property.

Copyright is an intellectual property safeguard that is given by law to an author or any other type of creator for a unique composition or creation. This right may be given for music, films, videos and other types of creative expressions and not just the written or published material. Under copyright law, the owner of the work gets a number of rights which include financial rights to income generated from the work and acceptance as sole owner of that work.

Trademarks bestow intellectual property privileges which aim at pre-empting replication and violation of symbols registered by a person for his own products, and they help a consumer easily tell the source of a product. With this legal shield, trademark is protected from duplication by unscrupulous elements who wish to misuse established brands.

The third kind of intellectual property right, known as patent, safeguards the rights of inventors in their novel and beneficial invention. A patent is valid for a predefined period and gives the holder sole right to use and sell his or her idea.

There are some more intellectual property rights too which are less often registered and used. Some examples of other kinds are traditional knowledge cultivated by natives of a particular area that is distinctive only to that area; confidential information that include business secrets, for instance, KFC’s recipe; and geographical pointers that are a variant of trademarks used for merchandise originating from a specific part of the world, for example Champagne.

These three kinds of intellectual property are quite different from each other for the most part but also possess certain similarities. All three are recognized by law in a way that enables the holders of the property to opt for legal recourse against the infringer and get reparation for misuse.

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