What is Intellectual Property?

Intellectual property refers to creations of the mind: inventions; literary and artistic works; and symbols, names and images used in commerce.

Intellectual property is divided into two categories:

• Industrial property submitted for inventions, trademarks, industrial designs and geographical indications.
• (Including as novels, poems and plays), films, music, artistic works (eg, drawings, paintings, photographs and sculptures) and architectural design. Rights related to copyright includ e those of performing artists among their producers Of phonograms in their recordings, and broadcasters in their radio and television programs.

What are intellectual property rights?

Intellectual property rights are like any other property right. They allow creators, or owners, nature or trademarks or benefited works to benefit from their own work or investment in a creation. These rights are outlined in Article 27 of the Universal Declaration of Human Rights , Which provides for the right from benefit from the protection of moral and material resultant forces from authorship of scientific, literary or artistic productions.

The importance of intellectual property was first recognized in the Paris Convention for the Protection of Industrial Property (1883) and the Berne Convention for the Protection of Literary and Artistic Works (1886). Both treaties are administered by the World Intellectual Property Organization (WIPO) The

Why promote and protect intellectual property?

There are several compelling reasons. First, the progress and well-being of humanity rest on its capacity to create and invent new works in the areas of technology and culture. Second, the legal protection of new creations promotges the commitment of additional resources for further Innovation and protection of intellectual property spurs economic growth, creates new jobs and industries, and enhances the quality and enjoyment of life.

An efficient and equitable intellectual property system can help all countries to achieve security property’s potential as a catalyst for economic development and social and cultural well-being. The intellectual property system helps strike a balance between the interests of innovators and the public interest, providing an Environment in which creativity and invention can flourish, for the benefit of all.