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What is intellectual property?
26 Apr 2020

According to the World Intellectual Property Organisation (WIPO), intellectual property (IP) refers to creations of the mind such as inventions, literary works, artistic works, symbols, names, images and designs used in commerce.

There are many different types of IP but the most common include Trademarks, Designs, Patents and Copyright.

Trademarks - Trademarks are signs, including words and logos, that allow consumers to distinguish goods and services in the marketplace. Trademarks include Coca Cola and Nike.

Designs - Designs protect the appearance of a product or logo. Designs include the shapes of cars and the look of a fashion item.

Patents - Patents protect inventions. Patents include the technology in your mobile phone, the formula of your favourite drink and the active ingredients in your medicine.

Copyright - Copyright is an automatic right which applies when the work is fixed,
that is written or recorded in some way. Copyright protects novels, plays, films, music, software and paintings.

Counterfeiting and piracy are IP infringements which refer to the unauthorised use of trademarks and copyright, respectively.

In the Republic of Armenia, you can be fined or sent to prison for infringing an IP right.

Dr. Norayr Balayan