The World of Patent: Emerging Challenges in the New Millennium
Intellectual property (IP0 is a legal concept which refers to creations of the mind for which exclusive rights are recognized. Under intellectual property law, owners are granted certain exclusive rights to a variety of intangible assets such as musical, literary and artistic works; discoveries and inventions; and words, phrases, symbols and design. Common types of intellectual property rights include copyright, trademarks, patents, industrial design rights. Though intellectual property rights was not so used in 19th century and not until the late 20th Century. The term Intellectual Property goes back at least as far as 1867 with the founding to The North German Confederation whose constitution granted legislative power over the protection of intellectual property to the confederation. When the administrative secretariats established by the Paris Convention (1883) and the Berne Convention (1886) merged in 1893, they located in Berne, and also adopted the term intellectual property in their new combined title.