IP is essentially a person’s work that needs to be protected so that no one else can financially benefit or gain recognition for the work. There are four types of intellectual property (IP) which are listed as follows:
- Copyright – Protection automatically granted to authors for their original, creative or intellectual work
- Trade mark – A sign that distinguishes a brand from its competitors; the sign could be a word, logo or slogan
- Patent – Protection for a new invention that hasn’t been introduced in the market yet
- Registered designs – Protection for the appearance/design of a product
View the infographic below to see the difference between the four types of intellectual property.