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'''Intellectual Property (IP)''' as defined by the World Intellectual Property Organization ([[WIPO]]) is anything created by the mind such as inventions,literary and artistic works, symbols, names, images, and designs that are commercially used. It is divided into two categories: Industrial Property which include industrial designs, inventions etc., and Copyright which include literary and artistic creations such novels, poems, plays, music and drawings.<ref>[http://www.wipo.int/about-ip/en WIPO]</ref> IP is protected by copyright, patent, trademark, and trade secret.
'''Intellectual Property (IP)''' as defined by the World Intellectual Property Organization ([[WIPO]]) is anything created by the mind such as inventions,literary and artistic works, symbols, names, images, and designs that are commercially used. It is divided into two categories: Industrial Property which include industrial designs, inventions etc., and Copyright which include literary and artistic creations such novels, poems, plays, music and drawings.<ref>[http://www.wipo.int/about-ip/en WIPO]</ref>
==Types of Intellectual Property==
Intellectual Property is protected by:<ref>[http://www.stopfakes.gov/sf_what.asp www.stopfakes.gov]</ref>
* '''Copyright'''-protects the original works of authors which include l poems, novels, scripts, musical compositions & recordings and other forms of literary, dramatic or artistic creations.
* '''Patent'''-is granted for the protection of inventions, which is defined as a product or process of a new way of doing things or solving problems. An invention can only be patented if it can be utilized practically, and displays an element of novelty and shows characteristics of new element in the body of existing knowledge called "prior art" in its technical field and it must show an inventive step.In most countries patentable work in most countries include mathematical methods, scientific discoveries, new medical treatments etc.<ref>[http://www.wipo.int/patentscope/en/patents_faq.html#inventions Scope of Patent]</ref>
* '''Trademark'''- provides protection and exclusive right to the owner of distinct marks used to identify goods or services.<ref>[http://www.wipo.int/trademarks/en/about_trademarks.html#function Trademarks]</ref> It includes words, signs,names, symbols,sounds or colors which identifies a certain company, product or service.
* '''Trade Secret'''- is a confidential business information which provides economic edge to a certain company. Examples of trade secrets include formula, methods or techniques used in business, program etc. Trade Secrets are protected under Article 39 of the Trade-Related Aspects of Intellectual Property Rights ([[TRIPS]]) Agreement.
==History of Intellectual Property==
==History of Intellectual Property==