{"id":467,"date":"2022-01-20T02:48:05","date_gmt":"2022-01-20T02:48:05","guid":{"rendered":"https:\/\/inventedly.com\/?page_id=467"},"modified":"2022-01-24T19:24:00","modified_gmt":"2022-01-24T19:24:00","slug":"what-is-intellectual-property","status":"publish","type":"page","link":"https:\/\/inventedly.com\/index.php\/resources\/general-intellectual-property-principles\/what-is-intellectual-property\/","title":{"rendered":"What is Intellectual Property?"},"content":{"rendered":"\n
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What is Intellectual Property?<\/h2>\n\n\n\n
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Intellectual property is loosely defined as some type of a creation, and may include an invention, an artistic work, a name, an image, or a symbol.  Commonly, intellectual property is divided into four main categories: copyright, patent, trademark, and trade secrets.<\/p>\n\n\n\n

A good example of intellectual property may be found in a hypothetical company we\u2019ll call Fanda.  Fanda may have a core invention (sometimes referred to as the \u2018crown jewel\u2019) that is the basis for the company.  Such a core invention may be eligible for patent protection which may protect the company.  Additionally, Fanda may use a secret system to produce the product, which system may be eligible as a trade secret.  After the product is produced, the product must be marketed and sold to the public.  In displaying its name to the world, Fanda may protect its brand through a trademark.  Further, any literature that is produced (e.g. instruction manuals, websites, etc.) may be eligible for copyright protection.  Although this is just one possible example, you can see very quickly how intellectual property provides protection from many angles.<\/p>\n\n\n\n

Intellectual property is considered a property right, meaning that it is a right that belongs to the owner.  According to the Universal Declaration of Human Rights (1948), of which the United States played an active role in creating, Article 27 states:<\/p>\n\n\n\n