Week -1 assignment Intellectual property.docx -...

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Intellectual Property of Ethics 1 Intellectual property : It is defined as a Knowledge, creative thinking, or facial expressions of human mind that have technical value and are protectable under copyright, patent, servicemark, trademark, or trade secret laws from philosophy, violation and dilution. Intellectual property includes famous brand name, human activity, formulas, knowledge, registered designs, conceptions, software, and works of artistic, literary, or musical nature. It is one of the most readily tradable properties in the digital marketplace. There are divided into four common types of intellectual property: patents, copyrights, trademark, trade secret. Patents : Patents are given to officially permission for inventor to “ Making, Selling and Using’’. Copyright : It is used for protection. It is set some of rights granted to inventor for their original work like recording or computer program, book, song, painting etc. Trademark : It is name, design, image, symbol or some combination of any of these, it is used by government or business person for identification. Trade secret : It is technique, process or collection of information, formula that is not regularly known or easily discovered by the public and it is used by business profit.

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