What is IP?

Intellectual property rights refer to the principal rights relating to the ownership and dissemination of technology, as derived from legislation, granting patents, copyrights, and trademarks etc. The term “technology” includes technical innovations, inventions, discoveries, teaching material and computer software.

Intellectual property is a category of property that includes intangible creations of the human intellect which are considered as a controllable resource and can be utilized to obtain future benefits. It refers to the principal rights governing the ownership and disposition of technology and known as “intellectual property” rights, which are derived primarily from legislation granting patent, copyright, trademark and integrated circuit mask work protection.

IP encompasses two types of rights: industrial property rights (trademarks, patents, designations of origin, industrial designs and models) and copyright. Examples include an invention, patent, copyright-able work, copyright, trademark, service mark, trade secret, integrated circuit mask, research data, plant variety protection certificate, tangible research property or physical embodiment such as a model, machine, device, design, apparatus, instrumentation, circuit, computer program, visualization, biological material, chemical, other composition of matter, or plant that originates in or relates to academic or research activity.