Intellectual Property is comprised of four areas:
- Trade Secrets
These are all forms of intangible property.
A patent is an exclusive property right granted to an inventor or inventors to exclude others from making, using, selling, and importing a product that is the same or equivalent to their invention. United States Patents are enforceable within the United States, its territories, and possessions. Under certain circumstances, patent term extensions or adjustments may be available.
As defined by the United States Copyright Office, a Copyright is “A form of protection provided by the laws of the United States for ‘original works of authorship,’ including literary, dramatic, musical, architectural, cartographic, choreographic, pantomimic, pictorial, graphic, sculptural, and audiovisual creations. ‘Copyright’ literally means the right to copy but has come to mean that body of exclusive rights granted by law to copyright owners for protection of their work.”
A trademark is a word, phrase, symbol, design, sound, color or scent, or any combination thereof that identifies the source of the goods of one party and distinguishes it from those of another. A service mark is a word, phrase, symbol, and/or design, sound color or scent, or any combination thereof, that identifies the source of the services of one party and distinguishes it from those of another.