Identify key aspects intellectual property right and follow it

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Intellectual property (IP) refers to the creations of the mind, such as inventions, literary and artistic works, and symbols, names and images used in commerce. The main types of IP include patents, trademarks, copyrights and trade secrets.

Here are some key aspects of intellectual property rights:

1. Patents: A patent gives the owner the exclusive right to make, use and sell an invention for a certain period of time. In order to be granted a patent the invention must meet certain criteria such as novelty, usefulness and non-obviousness.
2. Trademarks: A trademark is a distinctive sign that identifies and distinguishes the goods or services of one company from those of another. Trademarks can be words, logos, or symbols and they help consumers to identify and choose the products or services that they want.
3. Copyrights: A copyright is a legal right that gives the creator of an original work the exclusive right to use, distribute and sell that work. Copyrights protect a wide range of works, such as books, music, software and art.
4. Trade secrets: A trade secret is any confidential business information that gives a company a competitive advantage. Trade secrets can include formulas, processes, designs and customer lists and they are protected by law as long as they remain secret.

In order to follow key aspects of intellectual property rights, it is important to understand what types of intellectual property are relevant to your business or industry ad to take steps to protect your own intellectual property. This can include filing for patents or trademarks, registering copyrights and keeping trade secrets confidential. It is also important to respect the intellectual property of others, and to obtain proper licenses or permissions before using someone else's work.