It’s a rule of thumb that the unique creation of a human mind should be properly protected, because after all, what’s the point of creating something if it is not well-secured? That’s why all of us have intellectual property rights, which are protected in different ways, and of course, on different platforms.
So, as you can already presume, intellectual property refers to inventions created by people. It can be a work of art, a business name, business logos, and all that jazz. Thus, if you want to make the best out of your ideas, work, and efforts, your intellectual rights should be always kept in a safe place!
Intellectual property has a complex structure, and includes different categories. Therefore, by saying intellectual property rights, people often understand copyrights, patents, trademarks, franchises and so on. Now, let’s dive in the details, and understand why we need so many types of IP.