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'''[[w:Intellectual property|Intellectual property]]''' ('''IP''') is a [[w:law|legal]] concept which refers to creations of the mind for which [[w:exclusive right|exclusive right]]s are recognized. Under intellectual property law, owners are granted certain exclusive rights to a variety of [[w:intangible asset|intangible asset]]s, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property rights include [[w:copyright|copyright]], [[w:trademark|trademark]]s, [[w:patent|patent]]s, [[w:industrial design right|industrial design right]]s, [[w:trade dress|trade dress]], and in some jurisdictions [[w:trade secret|trade secret]]s. ( Wikipedia )
'''[[w:Intellectual property|Intellectual property]]''' ('''IP''') is a [[w:law|legal]] concept which refers to creations of the mind for which [[w:exclusive right|exclusive right]]s are recognized. Under intellectual property law, owners are granted certain exclusive rights to a variety of [[w:intangible asset|intangible asset]]s, such as musical, literary, and artistic works; discoveries and inventions; and words, phrases, symbols, and designs. Common types of intellectual property rights include [[w:copyright|copyright]], [[w:trademark|trademark]]s, [[w:patent|patent]]s, [[w:industrial design right|industrial design right]]s, [[w:trade dress|trade dress]], and in some jurisdictions [[w:trade secret|trade secret]]s. ( Wikipedia )


IP includes:
IP's two principle branches:
* '''artistic property'''
* '''artistic property'''
* '''[[w:industrial property|industrial property]]'''
* '''[[w:industrial property|industrial property]]'''
'''[[w:Copyright|Copyright]]''' is a legal concept, enacted by most governments, giving the creator of an original work [[w:exclusive right|exclusive right]]s to it, usually for a limited time, with the intention of enabling the creator of intellectual wealth (e.g. the photographer of a photograph or the author of a book) to get compensated for their work and be able to financially support themselves. ( Wikipedia )
A '''[[w:patent|patent]]''' is a set of [[w:exclusive right|exclusive right]]s granted by a [[w:sovereign state|sovereign state]] to an inventor or their assignee for a limited period of time, in exchange for the public disclosure of the [[w:invention|invention]].  An invention is a solution to a specific technological problem, and may be a product or a process. ( Wikipedia )
Copyright does not protect the idea. A patent does. ( Teacher )
Most countries grand three basic kinds of patents:
* '''[[w:Design patent|Design patent]]s'''
* '''[[w:Plant patent|Plant patent]]s'''
* '''[[w:Utility patent|Utility patent]]s'''
::also '''[[w:petty patent|petty patent]]''' aka '''[[w:utility model|utility model]]''' exists.
* '''A [[w:trademark|trademark]]''' is a recognizable [[w:sign (semiotics)|sign]], [[w:design|design]] or [[w:expression (language)|expression]] which identifies [[w:Good (economics and accounting)|products]] or [[w:Service (economics)|services]] of a particular source from those of others. ( Wikipedia )


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