Property does not just comprise of tangible things like houses, cars, furniture, currency, investments etc and such property are not the only type that can be protected by law. There are many other forms of non-material property termed as intellectual property that have been recognized under the law and granted safety against infringement. The three main types of intellectual property rights are patents, trademarks and copyrights.

Copyrights are intellectual property dealing with rights of the creator over his or her original piece of work. Copyright protects all forms of artistic expressions including melodies, films, videos, paintings etc in addition to original writings. The copyright bestows the sole right of ownership over the piece in question in addition to rights to get monetary benefits arising from the work.

Trademarks on the other hand are intellectual property that deals with protection accorded to certain text, graphical representations and other marks that distinguish the source of one item from the other. They safeguard the trademark owners from being economically exploited by counterfeiters.

The third type of intellectual property right, termed as patent, protects the rights of inventors in their innovative and useful invention. A patent is valid for a predefined period and allows the holder exclusive right to use and commercially exploit his or her idea.

There are some more intellectual property rights too which are rarely enforced and used. Knowledge passed on from generation to generation in a particular sect; exclusive and secret ingredients or recipes which go into making successful products like Coca Cola; and geographical position based descriptions, which denote certain products like Champagne, are some examples of this kind of intellectual property.

Though these types of intellectual property are distinct from each other there are certain similarities between the three. All three are recognized by law in a way that enables the owners of the property to take legal action against the infringer and get compensation for infringement.

Discover more about Trademark Registration Singapore and discover how does an Intellectual Property protection increase the net worth of your business very fast. This and other unique content ‘protecting business ideas’ articles are available with free reprint rights.

Related posts:

1. Rental Property Accounting Software Accounting software is one of the most helpful things for...
2. Three Types Of Email Marketing Solutions That You Should Know With the three types of email marketing, businesses have an...
3. Different Types Of Western Digital External Drives You can use a Western Digital external hard drive for...
4. 2 Types of Free Web Hosting Services A new business is like a promise -- if you...