Intellectual Property Rights: Personal Property Rights

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Intellectual property rights are personal property rights acknowledged and protected as trademark, patent or copyrights. A registration of the invention or creation is necessary to gain protection through law and regulations. When we compare copyrights, trademarks and patents we can distinguish that they have differences in respect to areas of protection. While patents protect new inventions, copyright protects its unauthorized production or counterfeiting while Trademark is a brand serves to mark the goods or services of a company thus protects this good name or reputation. Copyright describes the subjective and absolute right to the protection of intellectual property such as movies, music, novels, songs, poetry etc. in ideal and material …show more content…

Trademarks and service marks or brand names which are officially registered in a (at least national) list of trademarks of this legal group may be marked with the registered trade mark, which confirms them the full protection of the trade mark. The registered trade mark symbol is an uppercase letter "R", which is usually represented in smaller letters and is added after the name of the goods and service mark. A trademark serves to identify goods or services using symbols, words, names or a device in order to distinguish from the competition. For example, a well-known name of a product creates trust and represents an economic value. A brand serves to mark the goods or services of a company and thus protects this "good name". This creation of a Trademark ® can take place in different ways as …show more content…

The holder of the patent is entitled to prohibit others from using the invention. The right of intellectual property rights or also industrial property rights is granted on a temporary basis. In some countries, such as Germany the right is protected and granted for maximum 20 years. USA law has two types of patents: the "utility patent" and the "design patent". The "utility patent" is a protective right for a technical invention and the "design patent”, is for the design right referring to shapes and patterns. For example, alongside ELVIS, LEVIS is one of the pillars of US culture. Levi Strauss, born in Bavaria, Germany emigrated to America and received the US patent 139121 for "Improvement in fastening pocket-openings" on 20.05.1873 together with Jacob W. Davis. The triumph and success of the blue jeans was

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