20 Facts About Intellectual property

Intellectual property is a category of property that includes intangible creations of the human intellect.

The modern concept of intellectual property developed in England in the 17th and 18th centuries.

The term "intellectual property" began to be used in the 19th century, though it was not until the late 20th century that intellectual property became commonplace in the majority of the world's legal systems.

Main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual goods.

Unlike traditional property, intellectual property is "indivisible", since an unlimited number of people can "consume" an intellectual good without its being depleted.

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Until recently, the purpose of intellectual property law was to give as little protection as possible in order to encourage innovation.

Intellectual property rights include patents, copyright, industrial design rights, trademarks, plant variety rights, trade dress, geographical indications, and in some jurisdictions trade secrets.

The term "industrial property" is sometimes used to refer to a large subset of intellectual property rights including patents, trademarks, industrial designs, utility models, service marks, trade names, and geographical indications.

Main purpose of intellectual property law is to encourage the creation of a wide variety of intellectual goods for consumers.

Unlike traditional property, intellectual property is indivisible – an unlimited number of people can "consume" an intellectual good without it being depleted.

The value of intellectual property is considered similarly high in other developed nations, such as those in the European Union.

WIPO treaty and several related international agreements underline that the protection of intellectual property rights is essential to maintaining economic growth.

Anti-Counterfeiting Trade Agreement states that "effective enforcement of intellectual property rights is critical to sustaining economic growth across all industries and globally".

Personality theorists believe intellectual property is an extension of an individual.

Various moral justifications for private property can be used to argue in favor of the morality of intellectual property, such as:.

Free Software Foundation founder Richard Stallman argues that, although the term intellectual property is in wide use, it should be rejected altogether, because it "systematically distorts and confuses these issues, and its use was and is promoted by those who gain from this confusion".

In civil law jurisdictions, intellectual property has often been referred to as intellectual rights, traditionally a somewhat broader concept that has included moral rights and other personal protections that cannot be bought or sold.

Intellectual property who receives an idea from me, receives instruction himself without lessening mine; as he who lights his taper at mine, receives light without darkening me.

Intellectual property law has been criticized as not recognizing new forms of art such as the remix culture, whose participants often commit what technically constitutes violations of such laws, creation works such as anime music videos and others, or are otherwise subject to unnecessary burdens and limitations which prevent them from fully expressing themselves.

Intellectual property has become a core tool in corporate tax planning and tax avoidance.