What are intellectual property rights?
Intellectual property rights are legal protections for creations of the mind, like inventions, literary works, and designs.
Why are they important?
They encourage innovation and creativity by ensuring creators can benefit from their work and prevent unauthorized use.
What are the different types of intellectual property rights?
The main types include copyrights, trademarks, patents, and trade secrets, each protecting different kinds of intellectual creations.
How long do these rights last?
The duration varies: copyrights typically last for the creator's life plus 70 years, while patents last for 20 years from filing.
Can I protect my idea even if I haven't patented it?
You can protect your idea through non-disclosure agreements (NDAs) or by keeping it a trade secret, but it's best to patent it for stronger protection.
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