Define intellectual property. What are the four forms of intellectual property?

Explanation:

Define intellectual property?

intellectual property can be attributed to Property Law, it can be defined as the creativity from intellect of human. I.e the idea or design someone come up with, and it necessary to be protected in order to prevent it from stealing away from the owner so he/she can reap the benefits of this/her creativity. The forms of these intellectual property include: 1)patents

2)copyrights

3) trademarks

4)trade secrets

What are the four forms of intellectual property?

1)patents

2)copyrights

3) trademarks

4)trade secrets

Here is little explanation on each of them.

1)PATENTS: this is the proper right that is issued to the owner of an invention to prevent the invention such as design to be tampered with, without his/her consent.

2.) COPYRIGHT: this is legal grant given to the original owner of a particular intellectual property to make copies of it for a given time

3) TRADEMARKS: this could be words ,symbols that differenciate the product or service of a company from another one, it's a legal services mark.

4)TRADE SECRET: This is a confidential information about the company that gives it an edge over other company it's a form of intellectual property right.

answer; post closing trial balance;