What Is Intellectual Property (Ip) ?
What Is Intellectual Property (Ip) ?
What Is Intellectual Property (Ip) ?
Intellectual property or also known as IP is refers to something a person has their thought of
or created. In a simple word its is means by IP is an intangible asset that had own or legally
protected by a company or individual. And this asset is mainly protected and cannot be used
without a permission from the company or individual that had that assets. There are many
examples of intellectual property that can be means by intangible assets.
Some examples of IP include design processes, songs, logos, discoveries, symbols, and even
brand-new varieties of plants. IP belongs to a person who thought it up or put work on
creating it. They got to decide who makes it, how and where it used and who can sell and get
profit from it.
1. Copyright
Copyright is a legal term that used to show that right of the content or any artistic
works is belongs to the creator. It is a type of intellectual property protection that
provide its owner with the exclusive right to reproduce their works for a defined
period. Copyrights are automatic and begin the moment that the work is created and
exists in tangible form.
2. Trademarks
Trademarks are mostly like a symbol or phrase that it can be recognized and represent
that the product that is has a different from the order products. By the symbol, such as
a company symbols, it will show that the products are exclusively assigned to that
company. A trademark is often associated with a company’s brands. As example, the
logo and brand name “Coca-Cola”, is owned by the Coca-Cola Company.
3. Patents
A patent is an exclusive right granted for an invention, which is a product or a process
that provides, in general, a new way of doing something, or offers a new technical
solution to a problem. To get a patent, technical information about the invention must
be disclosed to the public in a patent application.
4. Trade Secrets
Trades secrets is a company process that is not for public information. Trade secrets
should be secured by the company for ensure that process or information not being
leaked to the wrong hand. Its like an information that can be a benefit or advantages
to the company or holder of the trade secret. The example of trade secrets could be a
design, pattern, recipe, formula or proprietary process. Trade secret can be used to
make a different of the company and give more competitive advantage.
Those are the main types of intellectual property. They are copyrights, trademarks, patents
and trade secret. Each of them has a priority which is means need to be secured and show the
products id belong to who.
As we know, intellectual property is being upload through our social media and be visible
online. So, it has a possibility that the intellectual property being used, stole, or sold by
others. It will become more worst if the people that used our products have not paid for that.
So, there are some ways that I use to protect my intellectual property online.
Trademark that we choose can have the certain element. They are words, colours,
sound and combination of any of them. But, before register the trademark, we must
check that the trade is hasn’t already been registered. It must be taken on database to
ensure it. Should you find an existing trademark that you’d like to use, you can ask
the holder of it for permission. If they agree they will need to give you a Letter of
Consent, which must be sent in with your application. Allow up to four months for the
application.
4. Watermark my product
By watermark my product, it helps to protect the copyright of my work. Its also
ensures that it cannot be reused or altered without my permission. Its means that
people can still see the product but if they want to use, they need to purchase it first. It
will make sure there is no stealing product happen. It can also simply used as a
branding tactics. It is because the watermark also can have a design that we want such
as my name and also my company logos. The example is when we search a picture in
a google, at the background of the picture, it will have a term like “VOID”, “COPY”,
or “SAMPLE” on it.
References
The Official Portal of Intellectual Property Corporation of Malaysia (2020)
https://www.myipo.gov.my/en/copyright-basic/#:~:text=The%20Rights%20of
%20Copyright%20Owners&text=Author%2C%20copyright%20owner%20and
%20performer%20is%20given%20an%20exclusive%20right,by%20civil%20or
%20criminal%20action.
Will Kenton(2022). What Is Intellectual Property, and What Are Some Types?
https://www.investopedia.com/terms/i/intellectualproperty.asp#:~:text=The%20four
%20main%20types%20of,%2C%20copyrights%2C%20and%20trade%20secrets.