Intellectual Property: Type Of Intellectual Properties

Intellectual Property
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Intellectual Property
Intellectual property refers to original works of mind, such formulas, inventions, symbols, names, designs, images as well as literary and artistic works used for business purposes. These properties are guided and protected under the Intellectual Property Law. In particular, the prime duty of the intellectual property law is to boost new technological innovations, artistic creations, and inventions and at the same time raising the economic growth. Therefore, intellectual property is composed of three prominent categories. These are trademark law, copyright law and finally patent law. Trademark law takes care of the symbol or name that gives an identity of the original owner of the good or service. Patents is used to secure the inventions of a concrete thing. Copyright law guards the different forms of written or electronically appearance. In general, there is a laid down procedure for each and every method of intellectual property listed above. Thus, the paper seeks to discuss the quality standard needed to receive the protection, the application guidelines as well the time frame limit for each of the intellectual method.
The first type of intellectual property is a patent. It is a form of intellectual property that grants ownership original inventor. Patent guards the inventions, procedures, and ways of doing the stipulated work (Aplin & Davis, 2017). The duty of a patent to an inventor is to get permission from the patent rights to publicly expose the invention. As a result of this, patent creates room for more innovations. For the patent, there is an application required to be filled by the applicant to the patent offices. It clearly stipulates the invention mentioned in the application and also attached correspondence related to the application (Aplin & Davis, 2017). Therefore, a person has to legally file a claim to a patent office within which the region of the patent will extend. Payment of non-refundable fees made. Once one gets permission, he or she is supposed to pay issue fee. Utility patents, software patents, plant patents and design patents are the four types of patents. A utility is the protection of the manufacturer's articles (Bently & Sherman, 2014). Design patent protects the manufacturers' decorative design. An example is an old car body. Plant patents protect plants created by people through asexual reproduction. Software patents which protect an original computer software (Groves, 2011). A utility patent can go for as long as 20 years from the time of application, as long as the owner pays a maintenance fee. A plant patent is similar to the design patent regarding duration. They both last for 14 years beginning the time issue (Groves, 2011).
Trademark is the se...