Answer:
What is intellectual property?
Intellectual property is referred to as the category of property which consists of intangible creations or inventions on the human mind or inttellect. Intangible creations include but not limited to ideas and concepts.
What is intellectual property rights?
Intellectual property rights are rights enshrined to a particular person for his or her creations of the mind. These rights give exclusive ownership or use of his or her works for a specific period of time.
In the Philippines, before, all trademarks and patents services are handled by the Bureau of Patents, Trademarks and Technology Transfer or the BPTTT under the Department of Trade and Industry. However, later on, by virtue of the Republic Act No. 8293, the Intellectual Property Office of the Philippines or the IPOPHL was established. The R.A 8293 is also known as the IP Code of the Philippines.
How Intellectual Property Rights Protect people like Inventors, Scientists and Artists?
If a particular person applied for rights of ownership of a patent, trademark or copyright, he becomes entitled of all those registered patents, trademarks or copyrights. However, only for a specific period of time. More so, the intellectual property rights protects or shields the works of a particular person for a possible theft or usage of the works to show ownership by other people.
What consists intellectual property right?
Intellectual property right consists of the following:
1.Copyrights and related rights
2.Trademarks and service marks
3.Geographic indications
4.Industrial design
5.Patents
6.Lay-out design(topograhies)of integrated circuits
7.Protection of undisclosed information
How to apply for Intellectual Property Right?
Trademark Application in IPO Philippines:
Step 1: Filing of an application
Step 2: Search and Examination
Step 3: Publication in IP Philippines Gazette
Step 4: Registration
