Emanating from an individual’s innovation or creativity, intellectual property results in something that is distinctly unique. These creations are protected by laws that grant them exclusive rights to their creations in terms of usage, dissemination, alteration and other aspects of the intellectual rights that might change its form and function. The main function of intellectual property is to protect the owner of the same from counterfeiting and other illegal activities that seek to gain unlawfully from the intellectual work and results of others. Both the FBI and Interpol report that as much as 8% of the volume of annual global trade is in counterfeits (stopfakes.gov, 2015).
There are several examples of intellectual rights which shall be divided into two random groups. They include; literary and artistic works, emanating from the artistic processes of their owners. The second intellectual property example is scientific works, which refers to the innovative and technical processes the innovators and inventors use to come up with their products and processes. The third intellectual property is industry designs. These refer to the processes and plans that individuals use to come up with their unique products. The fourth intellectual property refers to trademarks, logos and commercial names. A good example would be Coca Cola. Using this trademark anywhere else would result in massive court proceedings(Tosato, 2010). Their owners have exclusive use of them in their products. The fifth intellectual property example is performances and broadcasts of performing artists. This refers to a material, either on record or otherwise, that makes reference to the artist in his/her natural element.
The sixth example of intellectual property is inventions in all human endeavours. All the works of intelligent peoples who come up with new tools and solutions to life problems are covered under this intellectual property group. The seventh intellectual property is confidential information. A good example of such information is the design of integrated circuit boards used to manufacture chips and computer or electronic parts. The eighth intellectual property example patents. This essentially refers to an application by an individual to have exclusive rights to an invention, discovery or process. The ninth intellectual property example is the protection from unfair competition. This is meant to ensure the owner of intellectual property is protected from instances of unfair advantage. The last example of intellectual advantage is the geographical indication. This example of intellectual property deals with mostly products whose geographical source also contributes to their exclusivity (Gangjee, 2012). A good example of this type of intellectual property is Champagne.
(2015). Retrieved 27 January 2015, from http://stop fakes.govhttp://www.stopfakes.gov/news/uspto-and-wipo-announce-fall-dates-educational-programs-international-ip-protection
Gangjee, D. (2012). Relocating the law of geographical indications. Cambridge: Cambridge University Press.http://ebooks.cambridge.org/chapter.jsf?bid=CBO9781139030939&cid=CBO9781139030939A008&tabName=Cha
Tosato, A. (2010). Security interests over intellectual property. Journal Of Intellectual Property Law & Practice, 6(2), 93-104. doi:10.1093/jiplp/jpq168http://jiplp.oxfordjournals.org/content/6/2/93.abstract
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