Intellectual Property Essay Example | Topics and Well Written Essays - 2000 words

Intellectual Property - Essay Example Almost all the organizations whether large of small, national or multinational, and industrial or artistic develop logos, draw designs and introduce some brands that serve as the identity mark of the company. Intellectual property is the identity mark of an individual, a company, an organization or an industry, over which the creator contains complete and unconditional rights. The statute of law provides protection to such property in favour of the originator, and claim over this type of property without referencing to the devisor is against the statute of law and liable to be punishment. Copyright Act, Trademark Ordinance and Patents Ordinance provide protection to intellectual property rights. There are two main types of intellectual property i.e. i) Copyright and ii) Industrial property. Copyright consists of sections of art and literature including prose work, poems, lyrics, drama, novel, narrative, thesis, presentation, articles, essays, broachers, film, paintings, sculptures, drawings, photographs, musical tones and songs, printing material, publications, architectural and audio-visual works. â€Å"Copyright is given†, Rafique states, â€Å"to the first producer of a book irrespective of the fact whether that book is wise or foolish, accurate or inaccurate, or of literary merits or no merit whatever†. (Copyrights Ordinance 1962, 2005: p 4). Rights related to copyright include those of performing artists in their performances, producers of phonograms in their recordings, and those of broadcasters in their radio and television programs. In the same way, Industrial and manufacturing intellectual property consists of logo, slogan, trademark, patents, brand name, company design, software, chemical formula, machine, apparatus and inventions. It is fact beyond doubt that the person who makes efforts in respect of creating an innovative idea or making invention deserves