What does an IP right entitle a person?
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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.
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An intellectual property (IP) right entitles a person an exclusiveness for their own innovative idea or an invention which they want to protect for a specified time period. All that is intellect-driven is protected under intellectual property rights.
- Individuals are awarded intellectual property rights in exchange for their creativity. They usually provide the inventor exclusive rights to utilize his or her innovation for a set period of time.
- Intellectual property rights include:
- Patents
- Geographical Indications
- Copyrights
- Trade Dress
- Industrial Design Rights
- Plant Variety Rights
- Trademarks
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