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What is intellectual property?

 

Intellectual property refers to creations of the mind. It is divided into two categories:

 

  • Industrial property includes patents for inventions, trademarks, industrial designs, topographies of integrated circuits and geographical indications.
  • Copyright and related rights cover literary and artistic works (e.g. novels, poems, plays, films, music, works of art and architecture) and the rights for their performances, the rights of producers of phonograms for their recordings and broadcasting on radio and television programs.

 
What are intellectual property rights?


Intellectual property rights provide its creators or owners of patents, trademarks or copyrighted works with the benefit from their own work or with investments in its creation. These rights are enshrined in the universal Declaration of human rights, which recognizes the right of everyone to the protection of the moral and material interests resulting from any scientific, literary or artistic work created by this person.

 


Why is it necessary to promote and protect intellectual property?


There are a few compelling reasons.

Firstly, the progress and welfare of mankind depend on its ability to create and invent new works in the field of technology and culture.

Secondly, the legal protection of new objects contributes to the allocation of additional resources, which leads to further innovation.

Thirdly, the promotion and protection of intellectual property contribute to economic growth, create new jobs and industries, improve the quality of life and the satisfaction of life.

 

What benefits retrieves the owner of the intellectual property?

 Intellectual property rights reward creativity and human activity.

Some examples: such industries as filmmaking, recording, publishing and software could not exist without copyright protection; if there were no rewards provided by the patent system, researchers and inventors would have no incentive to continue the production of better and more efficient products for consumers (for example, the development of new essential pharmaceutical products); and consumers would not have the funds for confident purchasing of goods or services without reliable, international trademark protection and mechanisms to ensure protection against counterfeiting and piracy.

 

Why is it important to protect Your Intellectual property?


If Your Trademark is not protected, it will be free and available so that anyone can use (copy) it without any barriers.

Protection of Trademark is always advisable to obtain only in those countries where the market and/or competitors exist.

The protection of Trademark is not limited in time, if a trademark meets the statutory conditions and if the protection is extended until the expiration of the legal period of protection (usually 10 years).

 

We are ready to inform You at any time on request about other important details (date, total applications, or national applications, the costs that will be incurred in various countries, about translations into different languages, representative services, powers of attorney, declarations, permits, licenses, sale agreements, etc.) concerning trademark protection abroad.

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