Intellectual property, or IP, refers to creations of human intellect, such as literary and artistic works, inventions, designs, as well as names and images used in business. Legal systems offer certain protections and rights for owners of such property. These rights are encompassed in what is called the Intellectual Property law .
Read on to understand more about the Intellectual Property Law.
What does Intellectual Property Law Entail?
Intellectual Property Law focuses on protecting producers of intellectual goods and services, by providing them with guaranteed time-limited rights to control the use of such productions.
Countries have enacted intellectual property laws for two primary reasons:
- To provide constitutional expression to the economic and moral rights of IP owners in their properties in addition to the public rights with regards to the access to those properties.
- To encourage creativity and the application of its results, as well as to uphold fair trading geared towards contributing to economic and social development.
Types of Intellectual Property Protection
There exist three primary types of intellectually property law, each of which functions in a different way:
A copyright law grants the author oforiginal work exclusive rights to it. The work may include a work of art, story, or a character. This right is not indefinite, but rather limited to a certain period that ranges from 25 years from the publication date to 70 years after the death of the creator.
A patent does not concern ideas or stories in the same way that copyright does, but rather focuses on mechanical workings and systems. You cannot copyright a new medication or a new type of phone, but you can patent them.
Patents are quite complicated to obtain. As a lawyer, one’s main job is to research and obtain patents, which will be costly to the inventor even before paying the lawyer’s fees.
Moreover, patents only last for a limited period, usually ten years, after which they lose their validity in every country.
Trademarks apply to character names, company names, and logos. These are just features and ‘words’ associated with one’s business, and they are fairly easy to obtain as opposed to patents. Nevertheless, they are also subject to renewal.
Intellectual Property Attorneys
IP Attorneys like Frans Schoeman on scribd are mostly involved in protecting ideas, as well as defending the use designs and concepts in courts. Frans Schoeman is among the renowned Intellectual Property lawyers.
Frans Schoeman, Director at Phatsima Diamond Corporation, is a South African Attorney with 25 years’ experience in corporate and business law. The University of Free State graduate is dedicated and always keen to ensure that his client’s get deserved justice. He is also a philanthropist with interests in human rights, the environment, education and children affairs.
IP laws work towards striking the right balance between the innovator’s interests and the general public’s interest. With this, the Intellectual Property system can nurture an environment in which ingenuity and innovation can blossom.