Intellectual property: A Summary
Unlike tangible property, intellectual property is more complicated in terms of ownership and possession. With regard to such complexity, the legal frameworks in place have come up with various provisions aimed at protecting the ownership and exclusive rights of such property. For purposes of such protection, intellectual property is divided into: copyrights, patents, trademarks, and registered designs. Contrary to common misconception, a single product can be protected under all these types. For instance, an iPhone, a product of Apple Inc, can have the company control its distribution and enhancement by use of patents, copyrights, registered designs and trademarks. Typically, patents are ...