There are several types of intellectual property regimes:
Copyright: Copyright protects original works of authorship, such as literature, music, films, paintings, and computer software. It grants the creator exclusive rights to reproduce, distribute, display, perform, and modify their work for a specific period. In many countries, copyright protection is automatically granted upon creation, although when feasible registering the work can provide additional benefits.
Patents: Patents protect inventions and provide inventors with exclusive rights to use, sell, or license their invention for a specified period. To be eligible for patent protection, an invention must be novel, non-obvious, and have industrial applicability. Patents encourage innovation by rewarding inventors with a limited monopoly in exchange for disclosing their invention to the public.
Trade Marks: Trade marks protect brands and distinguish goods or services of one business from another. They can be in any form capable of graphic representation, including words, logos, slogans, product shapes or even sounds or smells. Trade mark registration typically grants the owner exclusive rights to use the mark and prevent others from using the same and similar marks for the goods and/or services covered by the registration. Trade marks help build brand recognition, reputation, and consumer trust and trade mark registrations are key business assets which impact on the value of a business.
Trade Secrets: Trade secrets refer to confidential business information that gives a company a competitive advantage. This can include manufacturing processes, formulas, customer lists, marketing strategies, or any valuable non-public information. Unlike patents or copyrights, trade secrets are not publicly disclosed, and protection is granted as long as the information remains secret.
Industrial Design Rights: Industrial design rights protect the visual appearance and aesthetic features of a product. This includes the shape, configuration, pattern, or ornamentation that gives a product its unique appearance. Industrial design rights prevent unauthorized copying or imitation of a product's design.
Geographical Indications (GI): Geographical indications are used to protect products that have a specific geographical origin and possess qualities, reputation, or characteristics attributable to that origin. Examples include Champagne, Parmigiano-Reggiano, or Darjeeling tea. GI protection ensures that only products originating from the designated region can use the associated name, protecting local producers and consumers.
These intellectual property regimes vary across countries, and the specifics of protection, registration processes, and duration may differ. It's important for businesses to understand and navigate the IP laws relevant to their respective jurisdictions to safeguard their intellectual property assets.