Intellectual Property: The Three Kinds of IP (2024)

When we think of our common-sense understanding of property, we often think about houses, vehicles, or other physical possessions. In modern society, though, what constitutes ‘property’ goes beyond what we can tangibly see.

Think of:

  • Movies you watch
  • Music you listen to
  • Corporate logos you see every day
  • Even the content of this blog!

What do these examples each have in common? They are all intangible – we all recognize their existence but we are not able to physically feel or touch these creations.
But it’s still possible to assign ownership to these intangible creations – making them examples of Intellectual Property.

Intellectual Property can be easily understood as creations of the mind. There are three primary types of Intellectual Property: copyrights, trademarks, and patents.

A copyright is a legal term that is used to describe a person’s ownership rights to an original expression of creativity. These creations could range from books, advertisem*nts, or even databases. It is important to note that a person cannot copyright an idea; rather, they can copyright an expression of an idea that they’ve created.

A trademark is a recognizable sign or logo created to distinguish an enterprise. The golden “M” of McDonald’s or the Queen’s University crest are both examples of trademarks.

Lastly, a patent protects inventions: it prevents a person’s invention from being used, made or sold by others without their consent. Patents can be issued by the government for a fixed period of time.

The intersection of Intellectual Property and the law is becoming an increasingly important topic as our society continues to create innovative ideas that enhance our lives. Our laws play a strong role in protecting a person’s intellectual property from being copied, stolen, or taken advantage of by someone who had no part in its creation – activities that are ultimately harmful to a society that wishes to encourage individuals to create valuable, intangible, ideas.

- Chris Lupis (Queen’s Law class of 2019)

Interested in intellectual property? Take the full class: Law 206/706, Intellectual Property Law, a deep dive into the three main kinds of IP and how they're regulated under Canadian law. You may also be interested in Law 201/701, Introduction to Canadian Law, or Law 204/704, Corporate Law. Find out more about the Certificate in Law and get our free guide by filling out the form on this page!

Intellectual Property: The Three Kinds of IP (2024)

FAQs

Intellectual Property: The Three Kinds of IP? ›

There are three primary types of Intellectual Property: copyrights, trademarks, and patents. A copyright is a legal term that is used to describe a person's ownership rights to an original expression of creativity.

What is intellectual property answers? ›

Intellectual property (IP) refers to creations of the mind, such as inventions; literary and artistic works; designs; and symbols, names and images used in commerce.

What are the three types of intellectual property quizlet? ›

Q-Chat
  • three types of intellectual property. Copyrights, Patents, Trademark.
  • Copyright law protects. ...
  • Patent law protects. ...
  • Trademark law protects. ...
  • Characteristics of IP. ...
  • Basic Theory behind IP. ...
  • U.S. Const., Article 1, Section 8: Congressional Power. ...
  • At Common Law.

What is an example of intellectual property IP? ›

Intellectual property refers to creations of the mind. It can be an invention (patent / utility model), a design (industrial design), a brand name (trademark, or a literary and artistic work (copyright).

What are the three main ways that intellectual property is protected? ›

Copyrights, trademarks, patents, and trade secrets are the four primary types of intellectual property protection. Determining the best way to protect intellectual property can be complex. This can be especially true in highly technical areas like industrial design or computer algorithms.

What is 3 intellectual property? ›

There are four main types of intellectual property rights, including patents, trademarks, copyrights, and trade secrets.

What does IP stand for in intellectual property? ›

Intellectual property (IP) refers to creations of the mind: inventions; literary and artistic works; and symbols, images, names and logos used in commerce. Businesses are often unaware that their business assets include IP rights.

What are the three elements of intellectual property? ›

There are three primary types of Intellectual Property: copyrights, trademarks, and patents. A copyright is a legal term that is used to describe a person's ownership rights to an original expression of creativity.

What are the forms of intellectual property IP? ›

It consists of inventions, literary and artistic works, symbols, images, names, designs used in commerce and original expressions of creative individuals. The key forms of intellectual property protection are patents, copyrights, trademarks and trade secrets.

What are three 3 types of intellectual property protected by law in the United States and which two 2 may be used into perpetuity? ›

What does each intellectual property right protect?
Type of IPProtectsTerm
PATENTS – Design PatentOrnamental Features15 years from grant date
TRADEMARKSBrandsIndefinite as long as in use
COPYRIGHTSWorks of AuthorshipLife plus 70 years
TRADE SECRETSInformationIndefinite
1 more row
Jan 19, 2022

What are the 4 types of intellectual property IP? ›

Patents, trademarks, copyrights, and trade secrets are valuable assets of the company and understanding how they work and how they are created is critical to knowing how to protect them.

What are 2 examples of IP? ›

IP addresses are written and displayed in human-readable notations, such as 192.0.2.1 in IPv4, and 2001:db8:0:1234:0:567:8:1 in IPv6.

What is intellectual property IP rights? ›

Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.

What are the three areas of intellectual property protection? ›

There are three main types of intellectual property:
  • A trademark is anything that represents a brand. ...
  • A copyright protects works of authorship, including novels, poetry, art, and music.
  • A patent protects aspects of an invention, which can include both functionality and design.

Are the three main branches of intellectual property copyrights? ›

Trademarks, patents, and copyrights are different types of intellectual property. The USPTO grants patents and registers trademarks. The U.S. Copyright Office at the Library of Congress registers copyrights. Use the IP Identifier to learn what kind of intellectual property you have.

How to own your IP? ›

How to Protect Intellectual Property in 5 Different Ways
  1. Register copyrights, trademarks, and patents.
  2. Register business, product, or domain names.
  3. Create confidentiality, non-disclosure, or licensing contracts for employees and partners.
  4. Implement security measures.
  5. Avoid joint ownership.
  6. IP as a business asset.
Nov 22, 2023

What is intellectual property explained? ›

Intellectual property rights are the rights given to persons over the creations of their minds. They usually give the creator an exclusive right over the use of his/her creation for a certain period of time.

How is intellectual property best explained? ›

Intellectual property is a category of intangible assets. They can't be held and don't necessarily have a physical presence. These assets are created using human intellect. Such property can take many forms and can include artwork, symbols, logos, brand names, and designs.

Which of the following is an example of intellectual property answers? ›

Final answer:

Intellectual property refers to original works of creation that are protected by copyright, patents, and trademarks, such as inventions, art, music, and literature.

How do you define your own intellectual property? ›

What are your intellectual property rights? Some common properties that fall under the IP banner are designs, artistic works, business names, and brands. Once created, these unregistered original designs/works/brands become the creator's property, and the creator (now owner) has IP rights over their property.

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