What are the different types of intellectual property?
Intellectual property (IP) law is an important part of the legal system in New Mexico. Intellectual property is the collective name for certain creative works that can be legally protected. The most common types of intellectual property include copyrights, trademarks and patents. Copyrights protect an artist or author’s ownership of literary, dramatic, musical and artistic works. It also includes software, publications, websites, videos, recordings and other works that can be copyrighted. Copyright protection prevents others from using the work without permission. Trademarks protect the brand identity of a product or service. It also protects the reputation of a company by protecting its brand name and logo. Companies must register their trademarks with the US Patent and Trademark Office. Patents protect an inventor’s new invention or process. Patents can be granted for a process, machine, article of manufacture, or composition of matter for a limited time period. Patents also prevent others from using the invention or process without permission. Finally, trade secrets protect confidential information associated with a company’s business. This type of intellectual property can include customer lists, recipes, formulas, manufacturing processes, and other information. Intellectual property law is essential to protecting the rights of authors, inventors, and companies. By understanding the different types of intellectual property, individuals and businesses in New Mexico can ensure their intellectual property is protected.
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