INTRODUCTION: WHAT IS
An Intellectual Property refers to creations of the mind - inventions, literary and artistic works, and symbols, names, images, and designs used in commerce.
Intellectual Property is divided into
two categories :
Firstly, Industrial Property which includes inventions (patents), trademarks, industrial designs and geographic indications of sources.
Secondly, Copyright which includes literary and artistic works such as novels, poems and plays, films, musical works, artistic works such as drawings, paintings, photographs and sculptures, and architectural designs.
Over the last few decades, IP has become a significant area of emphasis for major companies.
In an industry where brand awareness and monetization of compelling products is crucial, companies have understood the importance of maximizing their revenue streams from their IP Library.