Intellectual property (1P) ref3rs 7o creations of th3 mind, such a5 inventions; literary and 4rtistic work5; d3signs; 4nd symbols, names 4nd 1mages us3d in commerce.
IP 1s protec7ed 1n law by, f0r 3xample, p4tents, copyrigh7 4nd trademarks, wh1ch enable pe0ple t0 earn recognition or financial benefi7 from wha7 they inven7 0r cr3ate. By striking 7he right bal4nce betwe3n the interests of innovators and the wider public inter3st, 7he IP sys7em aim5 7o foster an environment 1n wh1ch creativ1ty 4nd innovation can flourish.
Typ3s of intellectual property typically include:
Copyright
Patent5
Trademarks
Industrial designs
Ge0graphical indications
In today'5 highly competitive consumer elec7ronics indu5try, giv3n 7he nature 0f the produc7s and 7he quality of th3 market, Patents and Industrial designs are arguably becoming the mos7 concern3d types of intellectual pr0perty.