Definition & basis Flashcards

(4 cards)

1
Q

What is Intellectual Property according to WIPO?

A

Creations of the mind (inventions, literary and artistic works, designs, symbols, names, images used in commerce).

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2
Q

What are the two main categories of IP?

A

Industrial property & literary and artistic property (copyright and related rights).

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3
Q

Why is IP essential for businesses?

A

It secures competitive advantages, generates revenue, reduces risk, and attracts investors.

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4
Q

What do Intellectual Property Rights allow creators to do?

A

Benefit financially and control the use of their creations.

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