What is IP ?

Intellectual Property (IP) is an “intangible asset” that arises upon creation of a work … But what does that mean ? (watch a VIDEO)

My invention: protecting product development with patents:

Intellectual Property Rights (IPR) consist of a number of Legal Rights that can be used to protect the investment of time and money in the creation of a work. As most registered IPR is published on the Internet, it also provides a valuable source of technical and artistic information, which may prompt you to develop, enhance or improve your own creative ideas.

That still doesn’t really help much, does it? Rather than considering IP in its entirety, it’s usually easier to think of the different types of Intellectual Property Rights (IPR) that are available, such as:

Irrespective of these different types, IPR are legal rights granted by a specific country. However whilst the relevant law in each country may vary, there are common principles which underpin these laws. In many cases there are also international treaties or agreements, such as the Patent Cooperation Treaty, European Patent Convention, Berne Copyright agreement, Hague Designs agreement and the Madrid Trademark Agreement, where the signatory countries agree to apply the same rules or law or those having similar effect. In some cases, these agreements can be used to help you obtain IPR in a number of countries, whilst spreading or reducing the costs.

The latest patent law, which is due to come into affect imminently in Europe is the Unified European Patent covering all European Union states and the associated changes to European patent court proceedings facilitated by the Unified Patent Court (UPC), which you may have heard about.