What's Intellectual Property?
Intellectual property refers to “Obligee who enjoys an exclusive right over his creative fruits of intellectual labor”, normally the right can last for a certain period. All kinds of intellectual creations can be regarded as intellectual properties possessed by someone or some organization, such as innovation, literature and works of art or marks, names, logos and designs of commercial use.
1. Copyright and industrial property
Intellectual property is a ownership over fruits of intellectual labor, it is an exclusive right of a certain claimed period and it in accordance with the law of each country to endow rights to authors, innovators or achievement owners.
Two types: one is copyright ( also known as patent or literature property), the other is industrial property (also known as estate property).
Copyright a.k.a. patent refers to a thorough name of property right and mental right enjoys in accordance with the law over literature, art and scientific works, which could be possessed by a natural person, a corporate group or other organization. This kind of right mainly includes copyright or rights link to copyright. Usually, when we talk about copyright, it means copyright of computer software and registration for works of arts.
B. Industrial property
Industrial property refers to invisible property but has practically economic worth in industries such as industry, business, agricultural and so on. Therefore, this is more like “ Estate Property” which mainly includes patent and trademark right.
2. Personal right and property right
A. Personal right
Intellectual property consists of personal right and property right, a.k.a. mental right and economy right.
Personal right mentioned above indicates the right and its owner of such intellectual achievement is inseparable, it is a reflection of personal relationship in law. For example, author right, public right, amendment right, etc., all belongs to mental right.
B. Property right
Property right will exist after intellectual achievements acknowledged by law, then obligee can get payed or rewarded by using the fruits of intellectual, this kind of right is also known as economy right. It indicates achievements gained by intellectual creation and it is enjoyed by intellectual laborer in accordance with the law.