Property does not just comprise of tangible things like homes, cars, furniture, money, investments etc and such property are not the only type that can be protected by law. There are several other forms of non-material property termed as intellectual property that have been provided for under the law and granted safety against misuse. Patents, trademarks and copyrights are the three primary categories of intellectual property.

When an author has brought out an original piece, he or she holds the copyright over this piece and is granted ownership for them. This right may be given for songs, films, paintings and other types of artistic expressions and not only the literary or printed material. The copyright bestows the sole right of ownership over the piece in question besides rights to get financial benefits arising from the work.

On the other hand, trademarks accord the one who has registered it, the safety over certain symbols, words or marks which identify the creator or origin of products to prevent replication and misuse. With this legal provision, trademark is protected from duplication by unscrupulous elements who wish to exploit reputed brands.

The third kind of intellectual property right is the patent, which is bestowed upon inventors to safeguard their inventions and ideas. It gives them sole right of use and sale of their work for a specific period.

There are some more intellectual property rights too which are less often registered and used. Some examples of other kinds are traditional understanding cultivated by natives of a specific area that is distinctive only to that area; trade secrets that include business secrets, for example, KFC’s recipe; and positional pointers that are a variation of trademarks used for products arising from a particular part of the world, for instance Champagne.

These three types of intellectual property are quite distinct from each other for the most part but also possess a few similarities. All three are provided for by law in a way that allows the holders 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.