What is IP?
What is IP? Are you sitting comfortably? Then, I'll begin.
Intellectual property (commonly known as IP), applies to creations of the mind and encompasses a variety of forms including, inventions, literary works, artistic works, designs, symbols, names and images used in commerce. Virtuoso Legal is a team of highly-trained copyright lawyers that can help you with any enquiries.
If you have any intellectual property, it is protected by law through intellectual property rights – some of which you have to register and others which are automatic. This can include things like patents, copyright or trademarks, amongst others. Intellectual property rights enable you, the property holder, to earn recognition or financial benefits from anything you invent or create that is wholly original. The aim of the IP system is to find the right balance between the interests of the creators and innovators and the interests of the wider public who may overlook these creations and inventions and infringe on their creator’s rights. It is considered that achieving the right balance that is not unfair on the creators or the public is the best way to create an environment where creativity and innovation can flourish.
Intellectual property is limited to something that you physically create that is unique from anything else. Therefore, something like the idea for a book isn’t covered under intellectual property, whereas the specific words and passages you’ve written within the book are. Many have tried to claim that someone has “stolen their idea”, but because they only have an idea and not the physical product, they are quickly dismissed. Because of things like this, IP can get pretty complicated. To help you understand more we’ve created this page with all of the main information you need to know.
Click the links below to find out more about the history and background of intellectual property, and intellectual property infringement.