"Imagination is more important than knowledge" -
Imagination is the corner stone of "intellectual
If you have an idea relating to the creation of a new product or function,
or a new method to do something, in any field, from electronics to
biochemistry and life sciences, then you need to consider Patent
If you have coined a new brand name or created a new image to
identify your organization or the products you offer, then you should
consider Trademark protection.
If you have written a book or a software program, composed music,
recorded a sound recording or took photographs, Copyright will
protect your right over that artistic, musical, or literary creation.
If you have created a new characteristic of shape that appeals to the
eye and want to protect the way it looks as distinct from the way it
works, then you need to consider Design protection.
Patents, trademarks, copyrights and designs are Intellectual Property
In spite of Intellectual Property rights being intangible, they are property – like
any other tangible property. IP rights may be traded or otherwise commercially
exploited. The rights can be sold, assigned or licensed.
Intellectual property rights are territorial by nature. Therefore, protection
needs to be sought in each market where an organization operates or intends
to operate. This is especially important when the owner wishes to commercialize
his/her IP. One will find it difficult to persuade a local company to
license and pay royalties for a trademark or patent, if the right has
not been registered, and thus protected.
Intellectual property rights are exclusive and preventive rights. The
rights’ owner may prevent others from using or exploiting the assets
to which he/she has rights without their prior authorization.
Intellectual Property Law handles
the protection of intangible assets such as patents or inventions, trademarks,
designs, copyrights and trade secrets.