Intellectual Property Rights

• What it protects: Original works of authorship, such as books, music, films, art, software, and other creative works.
• Duration: Generally lasts for the life of the author plus 70 years (varies by jurisdiction).
• Rights granted: The creator has exclusive rights to reproduce, distribute, display, perform, and create derivative works of their creation.

• What it protects: Logos, brand names, slogans, and other distinctive marks that identify goods or services.
• Duration: Can last indefinitely as long as the trademark is used and renewed periodically.
• Rights granted: The owner has the exclusive right to use the trademark to identify their goods or services and can prevent others from using a similar mark that could confuse consumers.

• What it protects: New inventions or discoveries that are novel, non-obvious, and useful.
• Duration: Typically lasts for 20 years from the filing date of the patent application (may vary by jurisdiction).
• Rights granted: The patent holder has the exclusive right to manufacture, use, or sell the invention. Others cannot make, use, or sell the patented invention without permission.

• What it protects: Business secrets or confidential information that provides a competitive advantage, such as formulas, processes, designs, or marketing strategies.
• Duration: Can last indefinitely as long as the secret remains confidential.
• Rights granted: The holder of a trade secret has the right to keep it confidential and prevent others from using it without authorization.

• What it protects: The visual design of products, including shape, pattern, and decoration.
• Duration: Typically lasts 15–25 years, depending on the jurisdiction and whether the design is registered.
• Rights granted: The designer has the exclusive right to use and license the design.

Protection of Creativity: IPR ensures that creators can benefit from their own work and ideas.

Encouragement of Innovation: By granting exclusive rights, IPR encourages inventors and creators to develop new ideas and innovations.

Economic Benefits: IPR allows businesses to monetize their creations, which can lead to growth, investment, and job creation.

Brand and Reputation Protection: Trademarks, in particular, safeguard the reputation of businesses and protect consumers from deceptive practices.