What is industrial property in intellectual property
Industrial property is a fundamental aspect of intellectual property (IP) law that specifically focuses on protecting the creations and innovations related to industrial and commercial activities. Unlike other forms of IP, such as copyrights or patents, which may cover artistic or technical creations, industrial property is primarily concerned with safeguarding inventions, designs, and symbols used in commerce. At its core, industrial property encompasses three main categories: patents, trademarks, and industrial designs. Patents are perhaps the most well-known aspect of industrial property. They grant inventors exclusive rights to their inventions for a specified period, typically 20 years. Patents cover new and useful inventions, providing inventors with the ability to prevent others from making, using, or selling their patented creations without permission. This exclusivity encourages innovation by rewarding inventors for their ingenuity and investment in research and development. ...