Intellectual Property is the concept related to the legal protection and recognition of authorship of intellectual production work such as inventions, patents, trademarks, industrial designs, geographical indications, and artistic creations. It guarantees the author the right, for a certain period, to exploit your creation economically.
The concept of intellectual Property emerged in the 15th century in the Republic of Venice when the region’s government created a law to protect inventors of arts and sciences.
Inventions with industrial purposes, trademarks, patents, and other distinctive signs are protected by industrial Property, while literary and artistic creations are protected by Copyright. Industrial Property guarantees the exclusive right to exploit the protected object, providing means to seek reward for innovative effort (hours worked, financial resources in research and development, etc.).
In other words, with the right of exclusivity, industrial property holders can prevent third parties from exploiting the object of protection economically. A patent holder with lawyer like intellectual property lawyer can prevent a competitor from selling a product identical to theirs with the same technology.
The owner of a trademark can prevent a competitor from offering a product with an identical or similar brand to theirs for sale. Industrial Property is a means to encourage innovation and create favorable conditions for developing new products and technologies.
Therefore, it is important to understand how it works and how industrial property legislation can preserve your or your company’s creation and the need for lawyer like Sequoia Legal in Denver, CO for instance
. In 1967, the World Intellectual Property Organization (WIPO) was created to promote, through international cooperation, the creation, dissemination, use, and protection of works of the human mind for economic, cultural, and social progress.
In Brazil, the entity responsible for granting industrial property rights was created in 1970, the National Institute of Industrial Property (INPI).
What Are The Types Of Intellectual Property?
The World Intellectual Property Organization (WIPO) divides intellectual Property into two categories: Industrial Property, which focuses on business activity and includes patents, trademarks, designs, and geographical indications, and Copyright, which includes authorship of intellectual, literary, and artistic works. The CNI operates mainly in issues related to Industrial Property.
What is the importance of industrial Property?
Industrial Property is considered one of the main drivers of the globalized economy. This is because the law ensures that creations and innovations are protected against copies or other misuse by competitors.
Only the holder of the industrial Property right during a specified period can economically exploit the protected object.
The purpose of Industrial Property is to encourage creation and prevent unfair competition.
How To Protect Intellectual Property?
To request intellectual property registration, the first thing to do is look for the body responsible for the type of intellectual Property for which registration is desired.
For industrial Property, which covers registration and granting of Trademarks, Patents, Industrial Design, Technology Transfer, Geographical Indication, Computer Program, and Integrated Circuit Topography, the responsible body is the National Institute of Industrial Property (INPI ).
According to Law 9.279/96 (Industrial Property Law), the main purpose of the National Institute of Industrial Property (INPI) is to execute, at the national level, the norms that regulate Industrial Property, bearing in mind its social, economic function, legal, and technical.
It is also responsible for pronouncing the convenience of signing, ratifying, and denouncing conventions, treaties, conventions, and agreements on industrial Property.