Intellectual Property simply means ‘an idea or design created by someone, which the law prevents others from copying’ (Oxford Learner’s Dictionary).
April 26 is observed every year as the World Intellectual Property Day and was initiated by the World Intellectual Property Organization in 2000.
As a business, content creator, innovator or researcher, here are 6 things you need to understand about Intellectual Property or IP:
Intellectual Properties function in 2 major categories
Those which require a registration process, like domain names, patents, designs, trademarks; and those which don’t, such as copyrights.