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What is Intellectual Property?

The world is moving fast and the synergy of innovation means that lots of people and companies are working on the same types of ideas and inventions. This reality emphasizes the need for protections around intellectual property, but what is intellectual property?

The World Intellectual Property Organization (WIPO) defines intellectual property as referring to “creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.” These creations can typically be classified in two ways:

  • Industrial Property – Industrial property pertains to patents on inventions, trademarks, industrial designs etc.
  • Copyright – Copyright pertains to literary works, art, movies, music etc.

If you work in any of these fields or mediums, the necessity for a quality lawyer who specializes in these areas cannot be overstated. It is important for your intellectual property to be protected so that others cannot profit unbeknownst to you from your hard work and creativity. There are laws that have been created for just this reason and a good IP lawyer will help to ensure that your intellectual property is rightly preserved and protected.

Truthfully, intellectual property laws exist in order to allow creative people and market consumers to strike a balance and mutual benefit from the delivery of quality products and ideas to the marketplace. Janik Vinnakota LLP specializes in intellectual property law and wants to help you protect what is rightfully yours. Contact us with questions and we can get you the help you need.

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