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==Types of Intellectual Property==

==Types of Intellectual Property==

Intellectual Property is protected by:<ref>[http://www.stopfakes.gov/sf_what.asp www.stopfakes.gov]</ref>

Intellectual Property is protected by:<ref>[http://www.stopfakes.gov/sf_what.asp www.stopfakes.gov]</ref>

* '''Copyright'''-protects the original works of authors which include l poems, novels, scripts, musical compositions & recordings and other forms of literary, dramatic or artistic creations.

* '''Copyright'''-protects the original works of authors which include: poems, novels, scripts, musical compositions & recordings and other forms of literary, dramatic or artistic creations.

* '''Patent'''-is granted for the protection of inventions, which is defined as a product or process of a new way of doing things or solving problems. An invention can only be patented if it can be utilized practically, and displays an element of novelty and shows characteristics of new element in the body of existing knowledge called "prior art" in its technical field and it must show an inventive step.In most countries patentable work in most countries include mathematical methods, scientific discoveries, new medical treatments etc.<ref>[http://www.wipo.int/patentscope/en/patents_faq.html#inventions Scope of Patent]</ref>

* '''Patent'''-is granted for the protection of inventions, which is defined as a product or process of a new way of doing things or solving problems. An invention can only be patented if it can be utilized practically, and displays an element of novelty and shows characteristics of new element in the body of existing knowledge called "prior art" in its technical field and it must show an inventive step.In most countries patentable work in most countries include mathematical methods, scientific discoveries, new medical treatments etc.<ref>[http://www.wipo.int/patentscope/en/patents_faq.html#inventions Scope of Patent]</ref>

* '''Trademark'''- provides protection and exclusive right to the owner of distinct marks used to identify goods or services.<ref>[http://www.wipo.int/trademarks/en/about_trademarks.html#function Trademarks]</ref> It includes words, signs,names, symbols,sounds or colors which identifies a certain company, product or service.

* '''Trademark'''- provides protection and exclusive right to the owner of distinct marks used to identify goods or services.<ref>[http://www.wipo.int/trademarks/en/about_trademarks.html#function Trademarks]</ref> It includes words, signs,names, symbols,sounds or colors which identifies a certain company, product or service.