AN INTRODUCTION TO INTELLECTUAL PROPERTY RIGHTS - Tecno-Libro

Intellectual Property is a subject of recent origin. You own houses, jewels, shares, money in the form of cash etc. These are tangible assets. You enjoy them as you own them. Unless and until you offer them to somebody else, these things which you own cannot normally be taken away and enjoyed by others.Intellectual property, on the other hand, refers to the ownership of intangible and non-physical goods. It results from the expression of an idea. It is the property of your mind or a proprietary knowledge. So, it may be a brand, an invention, a design, a song or another intellectual creation. It may be the creation of a computer or a smartphone. It may be the invention of a medicine. Since it is the property of your mind, the moment it is divulged, the benefits arising from these ideas can be enjoyed by others. As soon as it is divulged, it forces itself into the possession of everyone.You may be aware that Thomas Jefferson was an American Founding Father and was the principal author of the Declaration of Independence. He was a proponent of democracy, republicanism and individual rights motivating American co