When a corporation or inventor creates a unique technology, they rightly want to protect their research. After all, if the intellectual property can be stolen, what is the point in investing in future research and development? Fortunately, there are detailed copyright laws to protect the interest of creative minds from theft. So, what is the difference between royalty and royalty-free? Here is your guide to understanding intellectual property rights.

 

What is Intellectual Property?

Intellectual property rights are the legal protections afforded to creators or inventors for projects which result in the devising and creating of intellectual materials in the artistic, industrial, literary, scientific, or any other field. Intellectual property rights are granted to creators over the creations of their mind.

According to the World Trade Organization, intellectual property rights are generally divided into two distinct areas: copyright, and the rights related to copyright.

 

Copyright and Rights Related to Copyright

Copyright refers to the rights granted to authors who create literary or other artistic works. These include, but are not limited to:

  • Books
  • Musical compositions
  • intellectual property rights royaltiesComputer programs
  • Paintings
  • Sculptures

Under copyright law, creators of copyrighted materials maintain rights to these creations for a minimum period of 50 years after their death.

The rights of producers, broadcasters, and performers – commonly referred to as ‘neighboring rights” –  also receive copyright protection for their works, with the aim of these protections being to both encourage and reward creative endeavors.  

 

Industrial Property Rights

Similar to two distinct facets of copyright law, there are also two different classifications for intellectual, industrial property.

One facet of industrial property protection is the protection of distinctive signs or markings or geographical indicators. These unique markings or symbols provide a distinct and easily-attributed differentiator between brands. These rights are protected to encourage fair competition and stimulate the intellectual development of different signage, which in turn provides customers with the ability to make better-informed decisions about goods and services.

The other facet of industrial property protections is designed to stimulate technological innovation and design. This desire to encourage ingenuity and advancement is codified by the awarding of patents, and the classifications of trade secrets and industrial plans.  Patent and trade secret classifications seek to reward investment and incentivize fruiter research in industry.

 

Eskander Loshak – Defending the Intellectual Property Rights of Our Clients

Because of the complexity of copyright law and the various aspects it entails, if you are looking to defend your intellectual rights and products, you need to speak with an experienced and knowledgeable copyright law attorney right away.

At Eskander Loshak, we have a combined 15 years of experience in copyright and intellectual property law. We provide our clients with tailored representation to help get them the compensation they deserve when competitors infringe on their property. Our firm offers unsurpassed customer service and personal dedication to you and your case. So, if you are searching for a copyright and intellectual rights law firm as committed to the success of your company as you are, call Eskander Loshak today at 954-334-1122.